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Soyabean farmers in the USA have committed to providing US$900,000 funding to help offset the costs of a project to expand the Port of Grays Harbour (POGH) terminal, World Grain wrote.

The move followed an announcement in March by the board of directors of Nebraska-based co-operative Ag Processing (AGP) approving a major expansion and upgrade of its export facilities at the terminal in Aberdeen, Washington, the report said.

The Nebraska Soybean Board, Iowa Soybean Association, Kansas Soybean Commission, North Dakota Soybean Council, South Dakota Soybean Research and Promotion Council and the Soy Transportation Coalition are among the groups pledging to fund some of the pre-engineering, design, and site development costs of the POGH Terminal 4 Expansion and Redevelopment Project, according to the 22 September report.

“With more future soyabean processing in this country, farmers are very interested in opportunities to assist with the increased need for soyabean meal export capacity,” Jonathan Miller, a soyabean farmer from Island, Kentucky, and chairman of the Soy Transportation Coalition, was quoted as saying.

As part of the expansion, AGP said it planned to upgrade its current facilities at Terminal 2, including the construction of additional storage, and the addition of a new ship loader at POGH’s Terminal 4.

Terminal 2 and Terminal 4 are both deep-water berths with quick access to the open ocean, and AGP said the planned expansion would allow multiple ships to be loaded up to, and including, Panamax-sized vessels.

“AGP’s previous and future investments at the Port of Grays Harbour are motivated by the commitment to provide efficient and economical access to international markets for US soyabean meal,” AGP CEO Chris Schaffer said.

“For many years, this export terminal has served as a vital link between AGP farmer-owned cooperative members and critical international markets. We very much appreciate the financial commitment from the soyabean farmer organizations to support AGP’s efforts to enhance and upgrade the port’s export capabilities.”

AGP expected operations at the port to begin in 2025, the report said, with final construction decisions and timeline dependant on negotiations with federal, state, local, and POGH officials regarding economic development incentives, lease terms, infrastructure improvements and regulatory considerations.