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The Andersons, Inc. Signs Long-Term Lease at Port Houston, Makes Investment in Capacity for Soybean Meal Exports

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The Andersons (Nasdaq: ANDE) has signed a long-term lease agreement at Port Houston and will expand its facility for soybean meal exports. The facility upgrades include rail-based soybean meal unload access, a new conveyance system, and a ship loading tower to enhance efficiency. The Houston facility, with 6.3 million bushels storage capacity, currently exports over two million metric tons of grain annually and will add 22,000 metric tons storage for soybean meal. The expansion aims to meet increasing domestic soybean crush demand driven by renewable fuels growth.

Gli Anderson (Nasdaq: ANDE) hanno firmato un accordo di locazione a lungo termine presso Port Houston e amplieranno la loro struttura per le esportazioni di farina di soia. Gli aggiornamenti della struttura includono l'accesso per il carico e scarico della farina di soia tramite ferrovia, un nuovo sistema di trasporto e una torre di carico navale per migliorare l'efficienza. La struttura di Houston, con una capacità di stoccaggio di 6,3 milioni di bushel, esporta attualmente oltre due milioni di tonnellate metriche di cereali all'anno e aggiungerà 22.000 tonnellate metriche di capacità di stoccaggio per la farina di soia. L'espansione mira a soddisfare la crescente domanda interna di macinazione della soia, sostenuta dalla crescita dei carburanti rinnovabili.

Los Anderson (Nasdaq: ANDE) han firmado un acuerdo de arrendamiento a largo plazo en Port Houston y ampliarán sus instalaciones para las exportaciones de harina de soya. Las mejoras en las instalaciones incluyen acceso para descarga de harina de soya por ferrocarril, un nuevo sistema de transporte y una torre de carga de barco para mejorar la eficiencia. La instalación de Houston, con una capacidad de almacenamiento de 6,3 millones de bushels, actualmente exporta más de dos millones de toneladas métricas de grano anualmente y añadirá 22,000 toneladas métricas de capacidad de almacenamiento para harina de soya. La expansión tiene como objetivo satisfacer la creciente demanda nacional de trituración de soya impulsada por el crecimiento de los combustibles renovables.

앤더슨스(Nasdaq: ANDE)가 포트 휴스턴에서 장기 임대 계약을 체결하고 대두 밀 수출을 위한 시설을 확장합니다. 시설 개선 사항에는 철도 기반의 대두 밀 하역 접근성, 새로운 운송 시스템 및 효율성을 높이기 위한 선박 적재 타워가 포함됩니다. 휴스턴 시설은 630만 부셀의 저장 용량을 가지고 있으며, 현재 매년 200만 톤 이상의 곡물을 수출하고 있으며, 대두 밀을 위한 22,000톤의 저장 용량을 추가합니다. 이 확장은 재생 가능 연료의 성장에 따른 국내 대두 가공 수요 증가를 충족하기 위한 것입니다.

Les Anderson (Nasdaq: ANDE) ont signé un contrat de location à long terme à Port Houston et vont agrandir leurs installations pour les exportations de tourteau de soja. Les améliorations des installations comprennent un accès par rail pour le déchargement du tourteau de soja, un nouveau système de convoyage et une tour de chargement des navires pour améliorer l'efficacité. L'installation de Houston, avec une capacité de stockage de 6,3 millions de boisseaux, exporte actuellement plus de deux millions de tonnes métriques de céréales par an et ajoutera 22 000 tonnes métriques de capacité de stockage pour le tourteau de soja. L'expansion vise à répondre à la demande nationale croissante de broyage de soja, alimentée par la croissance des carburants renouvelables.

Die Andersons (Nasdaq: ANDE) haben einen langfristigen Mietvertrag in Port Houston unterzeichnet und werden ihre Anlage für den Export von Sojamehl erweitern. Zu den Verbesserungen der Anlage gehören der Zugang zum Entladen von Sojamehl auf Schienen, ein neues Fördersystem und ein Schiffsbeladeturm zur Steigerung der Effizienz. Die Einrichtung in Houston hat eine Lagerkapazität von 6,3 Millionen Scheffel und exportiert derzeit jährlich über zwei Millionen metrische Tonnen von Getreide und wird 22.000 metrische Tonnen Lagerkapazität für Sojamehl hinzufügen. Die Expansion zielt darauf ab, der wachsenden inländischen Nachfrage nach Sojamahl, bedingt durch das Wachstum erneuerbarer Energien, gerecht zu werden.

Positive
  • Secured strategic long-term lease at Port Houston
  • Facility expansion adding 22,000 metric tons storage capacity for soybean meal
  • Current facility handles over 2 million metric tons of grain exports annually
  • Infrastructure upgrades to improve operational efficiency
  • Strategic positioning to capitalize on growing renewable fuels market demand
Negative
  • None.

Insights

This strategic expansion at Port Houston represents a significant operational advancement. The facility upgrade with 6.3 million bushels storage capacity and capability to handle 2 million metric tons of grain annually, plus new 22,000 metric tons soybean meal storage, positions ANDE to capitalize on growing export opportunities. The addition of rail-based unloading infrastructure and new conveyance systems will substantially improve operational efficiency.

The timing aligns perfectly with increasing domestic soybean crush driven by renewable fuel demand. This creates a natural synergy where ANDE can efficiently export the resulting soybean meal byproduct. The long-term lease provides stability and demonstrates confidence in sustained export growth through the Gulf Coast route. The modernized infrastructure will reduce handling costs and accelerate loading times, potentially improving margins and throughput capacity.

This expansion positions ANDE strategically in the evolving soybean market dynamics. The renewable fuels boom is driving increased domestic soybean crushing, creating abundant soybean meal that needs efficient export channels. The Gulf Coast location offers optimal access to key Latin American and Asian markets where protein demand continues to grow.

The investment in dedicated soybean meal handling infrastructure shows forward-thinking adaptation to market trends. The ability to handle unit trains will provide cost advantages and reliable supply chain control. This move strengthens ANDE's competitive position in agricultural exports while diversifying revenue streams beyond traditional grain handling.

MAUMEE, Ohio, Oct. 24, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announced it has signed a long-term lease agreement for its operations at Port Houston and will be expanding the facility to support the export of soybean meal among other bulk grains. The upgrades will focus on increased reliability and efficiency and include providing rail-based soybean meal unload access directly at the export point.

"We are pleased to extend our relationship with Port Houston as it remains a strategic location for The Andersons to support our customers in exporting to high-demand markets," said Bill Krueger, President and CEO of The Andersons. "As domestic soybean crush rises to meet the higher demand for renewable fuels, we are seeing new opportunities for the export of soybean meal, and we are working closely with our railroad partners to streamline delivery of product to the export point by installing capability to unload unit trains of soybean meal directly at the Texas Gulf."

"Our long-term agreement with The Andersons, a globally recognized Fortune 500 company with a 75-year-long history of delivering exceptional products to markets around the world, marks a significant milestone in Port Houston's efforts to drive maritime economic growth for the region," said Tom Heidt, Chief Operating Officer of Port Houston. "Utilizing the facilities to support the movement of a co-product of the green revolution is an evolution in the use of the Houston Ship Channel and will create new jobs locally and support jobs across America's heartland."

With storage capacity of 6.3 million bushels, the Houston facility supports the export of more than two million metric tons of grain annually and will now include up to 22,000 metric tons for storing soybean meal for export. Additional upgrades include a new conveyance system to seamlessly transport goods from storage to the ship loaders, as well as a new ship loading tower to increase the efficiency and speed of loading.

About The Andersons, Inc.
The Andersons, Inc., named in 2024 to Forbes list of America's Most Successful Small Companies, Newsweek's list of America's Most Responsible Companies, and one of The Americas' Fastest Growing Companies by the Financial Times, is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and nutrient & industrial sectors. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-signs-long-term-lease-at-port-houston-makes-investment-in-capacity-for-soybean-meal-exports-302286228.html

SOURCE The Andersons, Inc.

FAQ

What is The Andersons' (ANDE) new storage capacity for soybean meal at Port Houston?

The Andersons will add 22,000 metric tons of storage capacity specifically for soybean meal at their Port Houston facility.

How much grain does The Andersons (ANDE) export annually from Port Houston?

The Houston facility exports more than two million metric tons of grain annually.

What upgrades is The Andersons (ANDE) making to its Port Houston facility?

The upgrades include rail-based soybean meal unload access, a new conveyance system, and a new ship loading tower to increase loading efficiency.

What is the total storage capacity of The Andersons' (ANDE) Houston facility?

The Houston facility has a total storage capacity of 6.3 million bushels.

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