Nutriol pledges $100m to construct grain terminal in Argentina

Bolivian crushing company Nutriol plans to invest up to $100 million to construct a grain port terminal in Argentina’s Entre Rios province, the firm’s commercial and logistics manager, Sergio Cuffini, told Agricensus.

The ambitious scheme is still at the planning stage, with the construction of the first phase of the terminal likely to be some 18 months away.

“We still need to obtain all the necessary permits from the local government, including roads, electricity and gas networks,” Cuffini said, adding that the company aims to ship soybean, corn, soymeal, soyoil and biofuels.

“Some of this production will be locally produced in Entre Rios while the rest of the production will come from Bolivia, Brazil and Paraguay. The terminal will have an initial capacity of 3 million mt,” the executive said.

“In the coastal area of Santa Fe province, there are a lot of grain terminals and we believe there is no additional room for new terminals,” Cuffini said.