Leading Australian agribusiness and processing company GrainCorp has extended its rail partnership with Pacific National, World Grain reported.
The new agreement with one of Australia’s largest rail freight businesses extends the original three-year partnership to move grain across the southeast Australia states of New South Wales and Victoria for a further five years, the 3 May report said.
GrainCorp managing director and CEO Robert Spurway was quoted as saying that the partnership with Pacific National was a key pillar of the company’s integrated value chain.
“GrainCorp and Pacific National have worked together through the challenges of COVID-19 restrictions and weather impacts to the network over the last few years,” Spurway said.
According to its website, GrainCorp operates the largest grain and oilseed storage and handling network on the east coast of Australia, with more than 150 regional receival sites - with a combined storage capacity of more than 20M tonnes - and seven bulk port terminals.
It stores and markets wheat, barley, canola, sorghum and speciality commodities for growers, providing logistics via road and rail.
Over the past three years, GrainCorp has moved 7.6M tonnes of grain, with trains covering over 3.6M km (2.23M miles) to complete the shipments, World Grain wrote.
GrainCorp is the largest producer of canola oil in Australia,
producing the oil and meal at two oilseed crushing facilities in Victoria and Western Australia states, according to its website.
From two processing plants in Victoria, the company refines, bleaches, deodorises and blends edible oils and fats to produce ingredients for the food industry, including non-genetically modified (GM) canola, coconut, cottonseed, palm, soyabean and sunflower oils.
GrainCorp’s fats and oils segment specialises in the procurement, shipping, accreditation and supply of tallow and used cooking oil (UCO), which are used for renewable energy feedstock and industrial applications as well as vegetable oils.
The company is the largest importer of vegetable oils and the largest exporter of tallow and UCO in Australia and New Zealand.
