The investment is designed to help the facility move higher volumes of grain and feed products more efficiently, strengthening the movement of grain and feed products through ADM’s North American supply chain.
The terminal will add grain handling and storage capacity to JGL Commodities’ network, supporting a reliable and efficient supply chain for producers and end-use customers.
The latest investment forms part of a national plan to reduce the impact of drought on cereal production and strengthen food supplies.
The companies will support farmers with funding and technical help as they work to improve soil health, water quality and carbon storage across key wheat growing regions.
The equipment is destined for a cereal storage facility in Bandari, Tanzania, and SACE, the export credit agency owned by Italy’s finance ministry, insured the transaction through a tool it calls Supplier Credit.