Business news from Ukraine

UKROLIYA INVESTS ABOUT UAH 50 MLN IN PLANT FOR ORGANIC OIL PRODUCTION

27 November , 2017  

KYIV. Nov 27 (Interfax-Ukraine) – Ukroliya LLC (Poltava region) has invested about UAH 50 million in the new Ukroliya Organic plant for production of organic oil in the settlement of Dykanka in Poltava region, the company’s press service has told Interfax-Ukraine.
“About UAH 50 million is the volume that we are claiming. Part of the funds are loans from Ukreximbank and ProCredit Bank, and part are our own funds,” the company said.
According to a press release from Ukroliya, this is the first certified plant in Ukraine for production of organic oil.
“Our plant will become the first producer of oil in Ukraine certified in accordance with the European organic standards. Organic Standard carried out certification, which demonstrates the recognition of the compliance of our products with the strict standards applied to organic products in Europe,” Ukroliya Organic chief technologist Serhiy Kosvintsev said.
The company plans to process 18,000 tonnes of sunflower, 50,000 tonnes of soybeans, produce 7,020 tonnes of organic sunflower oil, 6,750 tonnes of organic soybean oil, 7,100 tonnes of cake, and 3,000 tonnes of sunflower husk per year.
Ukroliya was founded in 2001. It owns a production complex for processing sunflower seeds in Poltava region.