A joint venture called TEMCO between Cargill and CHS will add a terminal in Houston, creating a new exit ramp for its heartland-grown grain headed to global markets through the Gulf of Mexico.
Previously, TEMCO held three terminal facilities, all in the Pacific Northwest. The two Minnesota agribusiness companies announced Friday that bringing a Houston grain terminal, currently owned solely by Cargill, under TEMCO enables the venture to grow collaboratively.
"Export facilities are extremely expensive to buy or build, they're expensive to operate, and it's critical that you're efficient in doing that to bring the most value back to our farmer products and global customers," John Griffith, a senior vice president with CHS, told the Star Tribune.
