Bunge building Washington grain terminal - Pittsburgh Business Times:

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Called EGT Development, the project will be the firsf export terminal built in the United States in more than two The terminal will be capable of handling oilseeds and protein meals and featurre a rail loop track unloading system capable of holdinghfour 110-car trains. ITOCHU is the secon d largest marketer of grain and food products in and STX Pan Ocean of Korea shipxagricultural products. Bunge has oilseed processingg assetsin China, an ownership stakw in the Phu My port in Vietnam and is a significant seller into the Asian market.
Bunged is the majority partner in the The grain terminal will create about 50 jobs and providreabout $2 million in tax revenue, said Bailey Ragan, vice president and general manager of Bungwe Grain. Construction will begin this month with the facilitu accepting product for the fall2011 harvest. St. Louis-based Bungse North America, the North American operatintg arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingrediengt company that operates grain elevators, grainm and oilseed processing plants, refineries and food processing facilitiese in the U.S., Canadsa and Mexico. Alberto Weisser is chairmann and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bunge North America.