USA- Rotterdam-based grain elevator Viterra recently announced that it will expand its grain and ingredient terminal in Etter, Texas, US, increasing storage capacity at the terminal by more than 40,000 tonnes by late 2024.
Viterra handles more than 100 million metric tonnes of agricultural products annually across its business units, including grains, oilseeds, pulses, rice, sugar, and vegetable oil, as well as various animal feed products.
The company purchases agricultural products directly from producers and suppliers in over 65 countries and delivers them to customers in over 125 countries.
As part of its efforts to meet its strategic growth goals and plans, Viterra continues to streamline its operations and make strategic investments to ensure sustainable expansion.
The grain handler is looking to tap into the growing market for animal feed ingredients in the Americas in the next year.
“This investment will allow us to meet the increased demand for grains and high-quality feed ingredients for dairy, cattle, and swine producers across West Texas, Oklahoma, and New Mexico,” said Rayner Freyberg, chief executive officer of US and Mexico for Viterra.
He added that “The completion of this project will allow us to better serve our growers and customers, positions us well for future growth and investment in the region, and will allow us to support the continuing expansion of oilseed crush and meal production across North America.”
Viterra has also made other decisions to significantly make its operations stay aligned with its long-term business plans.
For example, Gavilon rebranded as Viterra earlier this year following Viterra Ltd.’s purchase of the grains origination and storage and food ingredients business of Gavilon Agriculture Investment Inc. in 2022.
Moreover, Viterra credited the Gavilon acquisition for its stellar 2022 performance.
“The acquisition has been truly transformative for our business, as it gives us a material presence across the US market, and a leading position in every major exporting region of the world, paving the way for future opportunities,” said David Mattiske, chief executive officer of Viterra.
Additionally, Viterra exited the Russian grain origination market and was assessing options to transfer its business and assets in Russia to new owners.
“Following continued monitoring of the situation over the past year, Viterra has concluded that its activities in Russia no longer fit the long-term direction of the company,” Viterra said.
Viterra on pathway to carbon net zero by 2050
In other news, Viterra Limited CEO David Mattiske holds that the company is committed to climate action and ensuring the sustainable supply of essential food and feed.
“We have five decarbonization pillars with activities and actions to achieve our target within each pillar,” said David. “Our long-term success lies in meeting ambitious targets, which includes a reduced reliance on fossil-based fuels and associated carbon emissions.”
Viterra announced that it would continue to review its decarbonization target as it progresses towards being carbon net zero by 2050 and look for ways to potentially accelerate its plans as opportunities and technologies develop over time.