Bunge building Washington grain terminal - Pittsburgh Business Times:

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Called EGT Development, the project will be the firsrt export terminal built in the United Stateas in more thantwo decades. The terminao will be capable ofhandling grain, oilseedsa and protein meals and featurre a rail loop track unloading system capable of holding four 110-car trains. ITOCHU is the seconde largest marketer of grain and food product sin Japan, and STX Pan Ocean of Koreza ships agricultural products. Bunge has oilseed processing assetesin China, an ownership stake in the Phu My port in Vietnajm and is a significant seller into the Asianb market. Bunge is the majority partner inthe project.
The grai terminal will create about 50 jobs and provideabou $2 million in tax revenue, said Baileyy Ragan, vice president and general manager of Bungde Grain. Construction will begin this month with the facility acceptinhg product for the fall2011 harvest. St. Louis-bases Bunge North America, the North American operatinbg arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredienft company that operates grain elevators, grain and oilseec processing plants, refineries and food processing facilities in the Canada and Mexico. Alberto Weisser is chairma and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bungs North America.