Located in the Zona Franca area in Nueva Palmira, Uruguay, the terminal will be the only facility in the area with the ability to load large, post-Panamax and Capesize vessels.    
The port terminal will have a storage capacity of 180,000 metric tons, the company noted, and is expected to handle 2.8 million metric tons of goods in its first year of operation. Construction will begin immediately and should be completed in 22 months, ADM noted.   
“ADM continues to invest in South America as we expand the size and reach of our processing and transportation operations in the world’s key agricultural regions,” said Domingo Lastra, president, ADM South America. “As crop production in Paraguay, Bolivia, Uruguay and Brazil continues to increase, this new port terminal will be an integral part of regional export operations and will enhance our ability to connect the South American harvest to homes all over the world,” he added.   
Among other agribusiness, ADM currently has seven U.S. ethanol plants on line and also operates several biodiesel plants in Germany, a facility in Rondonopolis, Mato Grosso in Brazil, as well as two facilities in Velva, N.D., and Mexico, Mo.