VICTORIA, AUSTRALIA — CHS Broadbent is planning to develop a new 80,000 tonne bulk grain export terminal in Geelong, Victoria, Australia.

The terminal will be owned and operated by CHS Broadbent with construction expected to begin in 2024.

It will include road and rail unloading capabilities and market-leading grain handling technology for quick turnaround times and efficient loading of bulk export vessels, CHS Broadbent said.

The facility will add more competition and provide more opportunities for growers to connect directly with the export market, the company said.

“Quality service to farmers is at the core of everything we do at CHS Broadbent and the addition of an export terminal to our supply chain service will see further value delivered to growers, right back to the farm gate,” said Steve Broadbent, managing director. “The terminal will be designed with an annual export capacity of 1.5 million tonnes. In an average year we project we will export around 1 million tonnes, which equates to approximately 13 turns per year.”

The new development is a result of CHS Broadbent and Midway Limited entering a land sale agreement for five hectares of the Midway Limited site at North Shore, Geelong.

Brian Schouvieller, chairman of the CHS Broadbent board and CHS senior vice president for trading and risk management, said CHS Inc is excited to embark on this key investment in Australia’s newest grain terminal.

“The Geelong location extends our supply chains in the Asia-Pacific region and provides farmers with a unique opportunity to connect with our global network,” he said.

CHS Broadbent owns and operates grain storage, container packing and grain freight operations through Queensland, New South Wales and Victoria. It is 50% owned by the Broadbent family, now in the third generation.

The other 50% is owned by CHS Inc, a Fortune 100 global agribusiness owned by farmers, ranchers and cooperatives across the United States.