American agribusiness CHS Inc. announced plans Wednesday for a $73 million project at its grain export terminal in Myrtle Grove, LA that will improve the site’s storage and handling capabilities.

“CHS is always looking for ways to expand market access for farmers,” Chris Pothen, vice president, CHS Global Grain & Processing, said in a company release. “Improvements at Myrtle Grove will allow us to move more grain to world markets with greater speed and efficiency.”

The terminal, about 25 miles south of New Orleans, is the first on the Mississippi River. It currently handles soybeans, corn, rice, wheat, DDGS, and specialty grains for export to customers in the Asia Pacific and Latin America regions.

Six new shipping bins will be installed during the project. Their combined storage capacity of 580,000 bushels will increase the facility’s overall shipping bin storage capacity to 850,000 bushels. CHS also plans to add a new bulk weighing and grading system, a new dock and barge unloading system, as well as independent conveyance enabling two commodities to be loaded simultaneously.

“With this new capacity and increased capabilities at Myrtle Grove, CHS will be well positioned to meet global demand from Asia Pacific, Europe, Middle East, Africa, and Latin America customers and execute with precision from a world-class asset strategically positioned on the center Gulf shipping channel,” said Pothen.

Work on the expansion will begin this August. The company anticipates that the project will be completed by summer 2023.