ST. LOUIS, Sept. 22, 2011 /PRNewswire/ -- Bunge-SCF Grain,
LLC, a joint venture between Bunge North
America and SCF Agri/Fuels LLC, announced today that it has
signed a long-term agreement to lease the Soylutions, LLC grain
elevator in McLeansboro,
Illinois.
Located in a key agricultural production region of southern
Illinois, the facility is a 90-car
CSXT Express train loader that can serve domestic markets in the
southeastern United States as well
as export markets.
"The facility's strategic location will enable us to efficiently
serve the poultry markets as well as Bunge's soybean processing
plant in Decatur, Alabama," said
Bailey Ragan, vice president and
general manager, Bunge Grain.
"We will also be able to provide our producer customers with
access to export markets through the Port of Brunswick, Georgia."
The facility has a storage capacity of more than four million
bushels and can handle corn, soybeans, and wheat.
"We are pleased that five employees are transferring to
Bunge-SCF Grain to continue the quality service for our customers,"
said Tim Power, president of SCF
Agri/Fuels LLC. "We also look forward to providing producers
with additional services and marketing opportunities."
The McLeansboro facility is the
second location to be operated by Bunge-SCF Grain, LLC. The venture
is currently building a state-of-the-art river grain terminal in
Fairmont City, Illinois.
Construction is expected to be completed in Spring 2012.
About Bunge-SCF Grain, LLC
Bunge-SCF Grain, LLC is a joint venture between Bunge North America and SCF Agri/Fuels LLC.
The Company was created to provide improved infrastructure to
serve growing demand for commodities in the U.S. and export
markets. The partners include Bunge
North America, the North American operating arm of Bunge
Limited (NYSE: BG), which buys, sells, stores and transports grains
and oilseeds to serve customers worldwide, and SEACOR Holdings
Inc.'s subsidiary, SCF Agri/Fuels LLC, which specializes in the
purchase, storage, transportation and sale of agricultural and
energy commodities.
SOURCE Bunge-SCF Grain, LLC