Global agribusiness giant Cargill and US agribusiness co-operative CHS plan to expand the export side of their joint venture TEMCO.
The addition of Cargill’s export grain terminal in Houston, Texas, would provide additional shipping access for grains, oilseeds and by-products through the port of Houston, Cargill said on 13 January.
A 24-year partnership between Cargill and CHS, TEMCO currently operates three facilities in the Pacific Northwest: Portland, Oregon; and Kalama and Tacoma, both in Washington. These three facilities distribute grain to global markets, primarily in the Asia-Pacific region.
“Access to the Houston terminal provides additional options for area cooperatives and farmers to participate in the global marketplace, helping to advance CHS’s growth strategy for the region and open new opportunities for US farmers,” CHS executive vice president of ag business John Griffith said.
The Houston terminal is located approximately 64km inland from the Gulf of Mexico via Galveston Bay. With 6M bushels of storage and capacity for 350 rail cars, the facility handles up to 250M bushels/year. The terminal receives trucks and railcars with a range of commodities for global export.
Owned by farmers, ranchers and cooperatives across the USA, CHS supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. The company also operates petroleum refineries and pipelines, and manufactures, markets and distributes Cenex brand refined fuels, lubricants, propane and renewable energy products.
