LONGVIEW, Washington
,
July 18, 2023
(press release)
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EGT, LLC, a joint venture among (NYSE:BG), Pan Ocean America and Agtegra Cooperative, announced that it will nearly triple the current capacity of soybean meal (SBM) storage at its , WA export terminal. The project, expected to be completed in the second quarter of 2025, also includes improving handling capabilities, enabling it to operate with greater speed, flexibility and efficiency. About EGT, LLC EGT, LLC is a joint venture between , a global leader in agribusiness, food and ingredients, Pan Ocean America, an affiliate of Harim, an integrated Korean company that operates agri-trading & logistics business, and Agtegra, a farmer-owned cooperative. The Company owns and operates a state-of-the-art export grain terminal at the Port of , Washington as well as four facilities in Montana designed to supply the export terminal.
“This investment will allow us to better serve our customers at both ends of our value chain, providing an additional export outlet for the incremental meal expected to be produced in the US, mostly influenced by higher demand for vegetable oil from the renewable diesel industry,” said Jason Gertken, EGT’s President. “We are excited to reaffirm our commitment to the community with this expansion.”
EGT’s terminal handles up to 150 vessels per year, with an annual throughput capacity of approximately 9 million metric tons.
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