Bunge looks to expand with Geelong terminal


Sister facility in Bunbury already commissioned

Bunge looks to expand with Geelong terminal
An artist’s impression of the planned Bunge terminal

 

Bunge Australia is planning to build a bulk grain export terminal at Geelong in Victoria.

The agribusiness has applied to the City of Greater Geelong for planning permission to construct a grain receival facility and three storage silos that will connect to the current woodchip loader at Corio Quay North.

To be built on land owned by Midway Limited, the terminal will export around 450,000 tonnes per annum.

"The new terminal is intended to assist Bunge to offer better prices to grain growers and better service to customers," Bunge general manager Chris Aucote says.

"A competitive export supply chain is widely acknowledged as vital for Australia’s grain industry, as is additional capacity to service export markets at key times of the year, so our investment meets both aims.

"Bunge has recently commissioned a similar facility at Bunbury in Western Australia.

"Like Bunbury, we decided on Geelong due to the capabilities of its port, complementary infrastructure and good transport access for grain supply."

Bunge is looking for construction to start later this year.

"We have had very good co-operation from Midway and GeelongPort, highlighting this project’s great advantage of utilising infrastructure that is already available, so we see this investment as being strongly positive," Aucote says.

"It will be a great business for the area as we estimate there will be up to 100 jobs created during the construction phase, with 8-10 permanent and 5 casual staff when the terminal becomes operational.

"The local benefits go wider, with services for additional ships visiting Geelong and additional grain transport that can then back-load with fertiliser or other products as required.

Geelong mayor Darryn Lyons welcomes the announcement as a boost for a city that has taken a series of hits including the demise of local car making.

He says a $9 million dredging program is currently underway to accommodate larger ships and increase trade, adding: "Geelong Port is going from strength to strength with trade forecast to double by 2030."

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