Agribusiness G3 building $38m grain terminal at Port of Hamilton
The Port of Hamilton in Ontario, Canada will have a 50,000-tonne grain terminal by harvest time in 2017 according to agribusiness firm G3 (Global Grain Group) Canada, which announced it has begun construction on the project.
The terminal on Lake Ontario, at the port’s Pier 26, will cost $38m and will enable the shipping of grains and oilseeds from southern Ontario to export facilities along the St Lawrence River and on to the world market.
G3 Canada runs inland grain and deep-sea port terminals from Saskatchewan to the Great Lakes and Quebec. Based in Winnipeg, Manitoba, G3 Canada is jointly owned by Bunge, which is headquartered in White Plains, New York, and by SALIC of Saudi Arabia.
In April G3 took a controlling interest in the Canadian Wheat Board (CWB), which until 2012 had a government-backed monopoly on marketing Canadian-produced wheat and barley.
