Global agribusiness giant Bunge and Aceitera General Deheza SA (AGD) are jointly investing US$100M in the Puerto General San Martin T6 industrial complex and port terminal, located on Argentina’s Paraná River, World-Grain.com reported on 26 October.
The investment includes a three-year plan to increase the complex’s operational capacity.
The terminal is jointly operated and managed by both companies and is used to load ships with dry bulk and vegetable oils, handling 13M tonnes of exports last year, according to AGD.
The privately-owned crushing company is responsible for more than 14% of Argentina’s edible oil exports with a turnover of some US$2.4M in 2015/16. It has an oilseed crushing capacity of 20,000 tonnes/day; total storage capacity of 3.3M tonnes; and a grain and oilseed planted area of 200,000ha.
Its main industrial complex is in Córdoba province, with a refinery that can crush up to 8,000 tonnes/day of oilseeds and refine 700,000 litres/day vegetable oil, with a storage capacity of 60,000 tonnes of oils and 1M tonnes of oilseeds. It also has a crushing plant in Dalmacio Vélez Sarsfield, Córdoba which can process 500 tonnes/day of oilseeds.
AGD’s Aceitera Chabás facility in Santa Fe province can process 4,000 tonnes/day of soyabeans to produce oil, lecithin and protein meals and has a storage capacity of 420,000 tonnes of seeds, pellets and oils.
Its T6 Industrial facility on the Paraná River can process 20,000 tonnes/day of oilseed with 450,000 tonnes of storage capacity.
As well as operating the T6 port complex, AGD also runs Guide SA at the port of Rosario on the Paraná River, which has two independent lines for loading refined and crude oils on its two piers, with a storage capacity of over 72,000 tonnes.
Bunge has been growing its company around the world, entering a distribution agreement with Oleo-Fats Inc in the Philippines in September (see News, OFI November/December 2016); buying two oilseed processing plants and businesses from Cargill in August (see News, OFI September/October 2016); forming a joint venture with Wilmar International in Vietnam in July (see News, OFI July/August 2016); and expanding a joint venture partnership in July with Brazil’s Amaggi Group to operate on the ‘Northern Corridor’ via the Tapajós-Amazon waterway in Brazil (see Transport News, OFI September/October 2016).