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Called EGT Development, the projecgt will be the firstr export terminal built in the United Statew in more than two The terminal will be capable ofhandlingf grain, oilseeds and protein meals and feature a rail loop track unloading system capable of holding four 110-care trains. ITOCHU is the secons largest marketer of grain and food productasin Japan, and STX Pan Ocean of Korea ships agricultural products. Bunge has oilseed processing assets in an ownership stake in the Phu My port in Vietnanm and is a significant seller into theAsiann market. Bunge is the majority partnefr inthe project.
The grain terminal will creates about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice presidentf and general manager of Bunge Construction will begin this montnh with the facility accepting producf for the fall 2011 St. Louis-based Bunge North the North American operating arm ofWhit Plains, N.Y.-based (NYSE: BG), is a food and feed ingredientf company that operates grain elevators, grainh and oilseed processing plants, refineries and food processingv facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Ltd.
; Carl Hausmanbn is CEO of Bunge North
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