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EGT, LLC Announces Investment to Expand Capacity of Its Export Terminal
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LONGVIEW, Wash.--(BUSINESS WIRE)--
EGT, LLC, a joint venture among Bunge (NYSE:BG), Pan Ocean America and Agtegra Cooperative, announced that it will nearly triple the current capacity of soybean meal (SBM) storage at its Longview, 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.
“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 Longview 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.
About EGT, LLC
EGT, LLC is a joint venture between Bunge, 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 Longview, Washington as well as four facilities in Montana designed to supply the export terminal.
bunge (nyse: bg) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in south america. founded in 1818, the company is headquartered in white plains, new york. to learn more about bunge’s global operations, go to www.bunge.com.
