Archer Daniels Midland Co. (ADM), one of the largest agri traders in the world, completed an expansion project at its Port of Santos export terminal in São Paulo, Brazil on 22 May.
The 280M real (US$85M) enhancement works increased the port facility’s annual handling capacity from 6M tonnes to 8M and storage capacity from 172,000 tonnes to 194,000 tonnes, in addition to adding a second ship loading line and a fourth truck unloading station, ADM said.
The facility’s environmental controls were also upgraded, reducing dust particle emissions by 80% through the use of technology improving the flow and storage of grain.
“Our upgraded terminal in Santos, with increased unloading and loading capabilities, allows us to connect Brazilian grain markets more efficiently while setting the industry benchmark for sustainable operations,” said Scott Fredericksen, president at ADM South America.
Reuters wrote on 19 May that recent changes in Brazilian port legislation had extended operating licenses in an attempt to attract private investment into the country.
ADM was also evaluating improvements to rail infrastructure around the port area in collaboration with other operators, but any further decisions would depend on how the Brazilian government applied its new legislation, according to Reuters.
ADM’s original concession at the Port of Santos began in 1997 and its contract to move grains – including soyabean and corn – was extended two years ago to run until 2037.
According to the Reuters report, ADM is also expanding capacity at its Barcarena terminal in Pará state by four-fold to 6M tonnes, with works scheduled to be completed by June. The terminal is a 50-50 joint venture with Glencore.