CHS Broadbent, a joint venture between CHS Inc. and Broadbent Grain, this week announced plans to develop a new 80,000 MT bulk grain export terminal on the coast of Victoria, Australia, about 45 miles southwest of Melbourne. The addition of the new export terminal will add more competition and provide more opportunities for growers to connect directly to the export market.

CHS Broadbent will own and operate the terminal, with construction on the 12-acre site in Geelong, Victoria's second-largest port, expected to begin in 2024. The facility will boast fast road and rail unloading capabilities and market-leading grain handling technology to ensure quick turnaround times and the efficient loading of bulk export vessels.

"We're excited to embark on this key investment in Australia's newest grain terminal," says Brian Schouvieller, CHS senior vice president for trading and risk management and member of the CHS Broadbent Board. "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."

The terminal will be designed with an annual export capacity of 1.5 million MT. CHS Broadbent aims to export about 1 million MT annually, which equates to approximately 13 turns per year.

"We're excited to bring our fast turnaround times, amazing staff, local knowledge and global connections when we start exporting from the terminal," says CHS Broadbent Managing Director Steve Broadbent. "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."

The new development is a result of CHS Broadbent and Midway Limited entering a land sale agreement for 12 acres of the Midway Limited site at North Shore, Geelong, Victoria.