Rumo Enters Strategic Partnership for New Grain and Fertilizer Terminal in Santos

Rumo (RAIL3) has formed a strategic partnership to develop a new port terminal in Santos dedicated to grain and fertilizer operations.

The company has entered into a binding agreement with CHS Agronegócio, a subsidiary of CHS Inc., to create a joint venture with shared control. This joint venture will be responsible for implementing a new terminal in the area of EMBRAPORT—Empresa Brasileira de Terminais Portuários, a part of the DP World Group.

The terminal is designed to have a throughput of up to 12.5 million tonnes annually, with a capacity for 9 million tonnes of grain and 3.5 million tonnes of fertilizer.

Fertilizers play an important role in the Brazilian economy by making crops more productive. The chart below uses DataLiner data to assess the import volume of fertilizers registered at the Port of Santos between January 2022 and June 2024.

Fertilizer Imports at Santos Port | Jan 2022 – Jun 2024 | WTMT

Source: DataLiner (click here to request a demo)

Construction of the new Rumo terminal at the Port of Santos will commence upon fulfilling customary conditions precedent for such operations, including securing environmental licenses and obtaining legal and regulatory approvals.

Source: Infomoney

Click here to access the original news report: https://www.infomoney.com.br/mercados/rumo-rail3-firma-parceria-com-chs-para-novo-terminal-em-santos/

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