The New Orleans-based Consolidated Grain and Barge Co. has completed the $32 million expansion of its soybean processing facility at the Port of Indiana-Mount Vernon. The company says the effort will increase servicing opportunities for Indiana soybean farmers and increase product supply for agribusiness customers.
Phil Wilzbacher, port director for the Port of Indiana-Mount Vernon, says the expansion more than doubles the size of CGB’s operation since it opened in 1997. CGB said when the project was first announced that a small number of jobs would be created as a result of the expansion.
"We announced our expansion plan here in the fall of 2016 because we were excited about growth opportunities at this Mount Vernon location," said Kevin Adams, chief executive officer of CGB. "This investment means we will remain competitive in this global economy and it underscores our commitment to remain an essential partner in the Indiana agricultural community."
The facility is the company’s only soybean processing plant in the country. About 60 percent of the facility’s soybean volume is shipped on barges using the port system.