Business news from Ukraine

Business news from Ukraine

“Nibulon” to focus on de-mining of agricultural land and waterways in 2025

24 December , 2024  

One of the largest grain market operators in Ukraine, Nibulon JV LLC, intends to focus on systematic demining of agricultural land and waterways in 2025, the agricultural holding’s press service reported on Facebook.

“First of all, we are going to work with the authorities to develop a new approach to creating arrays of plots for all stages of land clearance: from non-technical surveys to mechanized and manual demining. In addition, together with the demining community, we are working to improve mine action processes and increase the availability of technical inspection equipment, etc. All of this will make the demining process faster, more efficient and more accessible for Ukraine,” said Mykhailo Rizak, Director of Government Relations.

“Nibulon is also planning to expand the certification of its demining unit to a full cycle, including explosive ordnance disposal and underwater demining.

“We continue to invest in development and are ready to provide services to everyone,” said Rizak.

He emphasized that Nibulon is ready to continue demining Ukrainian agricultural land and waterways, but would like to receive the government support it has already earned.

“We draw the state’s attention to the fact that we have not yet received reimbursement for the demining projects we have already implemented,” he stated.

Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.

“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.

Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.

Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.