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