August 18, 2011

EGT plans to build new high-capacity grain elevator

EGT, a joint venture between US, Japanese and Korean companies, is planning to construct a third high-speed shuttle-loader grain elevator in US' Montana.

The high-capacity grain elevators are capable of loading a 110-car train in less than 10 hours.

The company, EGT, plans to complete the new elevator east of Carter by next summer.

EGT is already completing two other grain elevators in Chester and near Nashua. The company is also finishing a US$200-million export facility in Longview, Washington.

BNSF Railway Co. charges lower rates for grain shipped from high-speed elevators. The EGT facility in Carter will be the 17th shuttle loader in Montana.

EGT is a joint venture between St. Louis-based Bunge North America, Japan-based Itochu and Korean shipper STX Pan Ocean.