The Port of Hamilton has secured a new 50,000 tonne grain terminal that will ship Ontario-grown grains and oilseeds to export terminals on the St. Lawrence River. The facility will be built by G3 Canada Ltd, the company formed to take over the former Canadian Wheat Board.
The new facility is part of the company’s plans for creating “a coast-to-coast Canadian grain enterprise”, chief executive officer Karl Gerrand said. The USD38 million facility will be designed “to get trucks in and out as fast as any competing terminal in Ontario”. G3 Canada’s export terminals are in Trois-Rivières and Québec City.
The facility is scheduled for completion before farmers harvest their crops in 2017. The port already handles in excess of two million tonnes of agri-food shipments annually.
G3 Canada is jointly owned by Bunge and SALIC of Saudi Arabia. It operates inland grain and deep-sea port terminals stretching from Saskatchewan to Québec City as well two Great Lakes bulk carriers and a fleet of grain hopper cars.
Bunge already refines edible oil in the Port of Hamilton.