Business news from Ukraine

Business news from Ukraine

INVESTMENTS IN UPGRADING HNYDAVSKY SUGAR PLANT WILL AMOUNT TO EUR15 MLN

KYIV. Oct 30 (Interfax-Ukraine) – PJSC Hnydavsky Sugar Plant (Lutsk) will invest EUR15 million in modernization of its facilities within five years, according to the company’s website.
According to the report, this year special press units for squeezing pulp, which will allow improving production figures, will be purchased.
“Now pulp contains 12-13% of dry substances, and when the pressing units are installed, the figure will amount to 27%. Special warehouses will be built to storage of this product. It will be dry and won’t contact the environment, so it could be supplied to farmers during the year. On the other hand, pulp will be used for making feed for cattle, as well as for generating energy on the bioreactor,” the report said.
The plant also plans to purchase molecular presses that will allow cleaning sugar production waste and, as a result, receive fertilizers.
“The last stage of the program is the purchase of a special water purification facility that is used to wash sugar beets, after which water will be returned to production,” the company noted.
According to information on the website of the sugar factory, the capacities of the enterprise allow processing 5,000 tonnes of sugar beets per day.

ENERGY MINISTRY, CHINA’S CNNC DISCUSS ORGANIZATION OF NUCLEAR FUEL PRODUCTION IN UKRAINE

KYIV. Oct 30 (Interfax-Ukraine) – The Ministry of Energy and Coal Industry of Ukraine and China National Nuclear Corporation (CNNC) have discussed organization of nuclear fuel production in Ukraine, the press service of the ministry has said.
The corresponding issue was raised during the meeting of Deputy Energy Minister of Ukraine Natalia Boiko and the CNNC President on October 26.
“The parties discussed the expansion of cooperation in the development of the nuclear industry of Ukraine and China, organization of nuclear fuel production and the joint implementation of an investment project on the basis of a newly constructed mine at Novokostiantynivske uranium ore deposit,” the report said.
The parties also discussed the issue of involving China Development Bank (CDB) in financing the project of Novokostiantynivske uranium ore deposit.
As reported, Minister of Energy and Coal Industry of Ukraine Ihor Nasalyk stated about the interest of Westinghouse and one of French companies in building a plant for producing nuclear fuel in Ukraine.