Bunge building Washington grain terminal - Pittsburgh Business Times:

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Called EGT Development, the projecf will be the first export terminal built in the Uniteds States in more thantwo decades. The termina l will be capable of handling oilseeds and protein meals and featurde a rail loop track unloading systej capable of holdingfour 110-car trains. ITOCHUj is the second largesgt marketer of grain and food productsxin Japan, and STX Pan Ocean of Korea shipss agricultural products. Bunge has oilseed processing assets in an ownership stake in the Phu My port in Vietnakm and is a significant sellerf into theAsian market. Bunge is the majority partnee inthe project.
The grain terminaol will create about 50 jobs and providdeabout $2 million in tax said Bailey Ragan, vice president and generapl manager of Bunge Grain. Construction will begin this month with the facility accepting product for the fall2011 harvest. St. Louis-basedd Bunge North America, the North American operatingb arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredien t company that operates grain grain and oilseed processing plants, refineries and food processinyg facilities in the U.S., Canada and Mexico. Alberto Weisser is chairman and CEO ofBunge Ltd.; Carl Hausmanhn is CEO of Bunge North America.