Business news from Ukraine

ALLSEEDS STARTS IMPLEMENTING OIL MEAL HANDLING PROJECT AT YUZHNY PORT

6 February , 2017  

KYIV. Feb 6 (Interfax-Ukraine) – The Allseeds Group in February 2017 starts implementing the oil meal handling project at its production site at the Yuzhny port.

The company said on its website that the project will be implemented in three stages. At each stage the company will connect a warehouse with a storage capacity of 25,000 tonnes each to the existing infrastructure of the enterprise and railway tracks. There will be three warehouses with a total capacity of 75,000 tonnes.

This will allow the company to diversify supplies of own oil meal and oil meal of its partners to berths of the Yuzhny port and other operators. This will considerably cut expenses on these transactions.

“We expect that after the implementation of the logistics project we will reach around 1 million tonnes of oil meal handled a year and $10 million of income,” Allseeds Board Chairman Viacheslav Petrysche said.

Allseeds launched an oil refining plant at Yuzhny port in July 2015.