Image courtesy of Ports of Indiana

By MATT SMITHMIER

JEFFERSONVILLE, Ind. – Indiana’s largest port welcomes its largest investment in history: a $47 million expansion of Consolidated Grain and Barge Co. at Ports of Indiana-Mount Vernon, located on the Ohio River.

As a wholly owned subsidiary of CGB Enterprises Inc., the company said the project should triple its grain-handling capacity of its soybean processing operations, which currently processes approximately 50 million bushels each year at the site. Indiana is consistently one of the top five soybean-producing states in the nation.

The project will include new grain storage and truck unloading facilities, along with a conveyor system for transferring grain among multiple sites. The Ports of Indiana reports the expansion will increase CGB’s storage volume by 4.25 million bushels and boost unloading capacity by 200%.

“CGB has been a long-standing leader in Indiana agriculture, and this investment at Ports of Indiana-Mount Vernon strengthens two of our greatest assets: world-class infrastructure and a leading agriculture economy,” said Indiana Gov. Mike Braun. “Expanding CGB’s port facilities helps Hoosier farmers move crops more efficiently to global markets, supports rural communities and reinforces Indiana’s leadership in agriculture and trade.”