Rivne Azot, a part of Group DF’s nitrogen business, has resumed operations and reached 100% capacity at its basic fertilizer production shops, the company’s press service reports.
“The forced shutdown of the basic shops a month ago was caused by damage to the energy infrastructure in the region during the shelling. During the plant shutdown, we carried out maintenance and reconstruction of a number of production systems, including the power supply system at the enterprise. This will help reduce production risks and ensure stable operation of the plant’s basic shops during the season. We have successfully completed the commissioning of key units and launched the plant at full capacity to meet the growing seasonal demand for mineral fertilizers from farmers,” said Mykhailo Zabluda, Chairman of the Board of Rivne Azot.
According to the report, the plant has launched an ammonia shop (A-2), a nonconcentrated nitric acid shop and an ammonium nitrate shop. The capacity of the loaded ammonia line is 650 tons of ammonia per day and that of the non-concentrated nitric acid line is 1,000 tons of nitric acid per day. The ammonium nitrate shop will operate at the maximum capacity of the ammonia line, i.e. at least 40 thousand tons of nitrate per month.
Currently, the plant is focused on supplying fertilizers to the domestic market of Ukraine. The products are shipped to customers across the country under contracts.
As reported earlier, Group DF’s capital investments in Ostchem’s nitrogen business in 2024 will amount to about EUR86 million. The purpose of the CAPEX investment is to optimize cost coefficients, reduce losses of various types of energy and improve the cost of finished products.
On April 12, Group DF and Hyundai ENGINEERING CO signed an agreement to build a chemical hub in Rivne. The project envisages the construction of green ammonia and hydrogen plants based on renewable energy sources; new enterprises and production sites for nitrogen fertilizers and chemical derivatives.
Ostchem has launched a 300,000-tonne-per-year production facility for UAN at Rivne Azot. The project is primarily aimed at farmers in the western regions of Ukraine.
Ostchem is a nitrogen holding of Dmitry Firtash’s Group DF, which unites the largest mineral fertilizer producers in Ukraine. Since 2011, it has included Rivne Azot and Cherkasy Azot, as well as Sievierodonetsk Azot and Stirol, which are out of operation and located in the occupied territories.
Cherkasy Azot PJSC (Cherkasy, Ukraine) is one of the largest Ukrainian chemical enterprises. The design production capacity is 962.7 thousand tons per year of ammonia, 970 thousand tons per year of ammonium nitrate, 891.6 thousand tons of urea, and 1 million tons per year of UAN.
Rivne Azot is one of the largest Ukrainian chemical companies in Western Ukraine. On April 12, 2024, Group DF and South Korean Hyundai Engineering signed an agreement to build a chemical hub in Rivne. The project envisages the construction of green ammonia and hydrogen plants based on renewable energy sources; new enterprises and production sites for nitrogen fertilizers and chemical derivatives.
The Asset Recovery and Management Agency (ARMA) has valued the Gulliver shopping center (Tri O LLC, Kyiv) at UAH 7.6 billion and is preparing a tender to select a manager, the ARMA press service reports. The press release specifies that the appraiser, Business Consulting PE, selected in a transparent tender, provided the National Agency with an appraisal report and a review of the report dated October 9, 2024.
According to the appraisal, the value of the Gulliver shopping center is UAH 7.6 billion. After processing all the information and preparing the tender documents, ARMA will announce a tender to select a facility manager. The Gulliver Multifunctional Complex (MFC) was transferred to ARMA by the decision of the Shevchenkivskyi District Court of Kyiv on June 3, 2024 and the Kyiv Court of Appeal on June 25, 2024.
Earlier it was reported that on June 3 this year, the Shevchenkivskyi District Court of Kyiv granted the request of the Prosecutor General’s Office to transfer Gulliver to the management of ARMA. The prosecutor’s motion concerned only the transfer of property to ARMA for management, not for sale. In addition, the court ordered ARMA to carry out periodic (at least once a month) checks on the effectiveness of the asset management.
The asset owner announced its intention to appeal the decision to the Court of Appeal. The Prosecutor General’s Office filed the motion as part of a criminal investigation by the Bureau of Economic Security (BES) into possible tax evasion by IFC’s management of almost UAH 146 million. The BES issued the relevant suspicion to IFC Director Gulliver in May 2023. On April 9, 2024, the Kyiv Court of Appeal granted the prosecutor’s motion and decided to seize the property of Tri O LLC, including the Gulliver shopping and office center in the capital.
Earlier, the investigation of the program “Schemes” reported on the company’s financial obligations to state-owned Oschadbank and Ukreximbank in the amount of UAH 14 billion. It was alleged that the actual owner of IFC is the former owner of Mykhailivskyi Bank, Viktor Polishchuk. However, the state register lists Vyacheslav Ihnatenko as the ultimate beneficiary.
The IFC press service noted that Three O fulfills its obligations to Oschadbank and Ukreximbank to repay loans: in 2023, UAH 300 million was paid, and UAH 700 million is scheduled for repayment in 2024. The company believes that the withdrawal of Gulliver from the ownership and management of Three O’s could pose a threat to the fulfillment of obligations to banks.
Gulliver mixed-use development in the Pechersk district of Kyiv was opened in 2013. Its area is 151.8 thousand square meters. The construction of Gulliver was financed by Oschadbank, which provided a $460 million loan to Tri O LLC. The debt restructuring procedure under the loan agreement with the mortgage of the Gulliver shopping center in the amount of UAH 18 billion 176.9 million was completed in 2020.
The Ministry of Agrarian Policy and Food estimates grain exports in the 2024-2025 season at 40 million tons, as the volume is not a record, and the existing infrastructure will be sufficient to supply agricultural products to foreign markets, said First Deputy Minister of Agrarian Policy and Food Taras Vysotsky during a national telethon.
“This year’s harvest is somewhat smaller than the previous year due to difficult climatic conditions. Also, this year there are no carry-over balances from the previous period. Therefore, grain exports are estimated at around 40 million tons. This is not a significant and record volume. We are confident that the existing infrastructure, in particular the Danube region, land corridors, rail and road transport, and the sea corridor (…) will allow this average volume to be exported and delivered in time to the countries that need it,” he said.
Commenting on Polish farmers’ preparations to block the Ukrainian-Polish border near the Medyka checkpoint, Vysotsky confirmed that such statements were made by the Polish side.
“I want to emphasize that work is underway at the interstate level and at the level of associations to prevent these statements from being realized in any concrete actions. We show figures confirming that there is no influence of Ukrainian products on the Polish market. The vast majority of products crossing the land border are in transit and do not remain on the Polish market.
The First Deputy Minister of Agrarian Policy emphasized that Ukraine sees no reason to block the border and will do everything possible to prevent protests by Polish farmers.
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Ukraine has exported 12.04 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (MY, June-July) as of October 14, 2024, including 1.593 mln tonnes shipped in October, the press service of the Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service.
According to the report, as of the same date in 2023, the total shipments were estimated at 6.676 mln tonnes, including 7 thsd tonnes in October.
In terms of crops, since the beginning of the current season, Ukraine has exported 6.894 mln tonnes of wheat (796 thsd tonnes in October), 1.575 mln tonnes of barley (252 thsd tonnes), 10.5 thsd tonnes of rye (3.1 thsd tonnes), and 3.302 mln tonnes of corn (538 thsd tonnes).
The total exports of Ukrainian flour since the beginning of the season as of October 14 are estimated at 21.5 thsd tonnes (2.6 thsd tonnes in October), including 19.4 thsd tonnes of wheat (2.1 thsd tonnes).
Romania has expanded the list of goods imported from Ukraine that require a license to enter the country to include eggs and poultry meat, Euractiv.ro reported, citing information from the Romanian government. The publication reminded that Romanian poultry producers faced a “serious problem” due to the import of eggs and poultry meat from Ukraine, which are sold at prices significantly lower than the cost of production in Romania.
According to the Minister of Agriculture Florin Barbu, after discussions with representatives of the poultry industry, the government decided to add eggs and poultry meat to the list of products that can be imported from Ukraine only with a license. The list also includes cereals, seeds, flour and sugar.
“It is our duty to protect Romanian production,” Barbu said.
In addition, he reminded that Romania, as a member of the European Union, must comply with certain production requirements in the poultry sector, which is why Romanian poultry farmers have “30% higher costs than in Ukraine.”
Barbu also emphasized that there is no ban on imports of Ukrainian eggs and poultry meat.
“We have made this decision on licensing to ensure that when the food industry needs these products and Romania is not completely self-sufficient, only Romanian processors will be able to import them under license,” he added.
After the European Commission decided not to extend the ban on imports of Ukrainian grain to five neighboring EU countries (Bulgaria, Poland, Romania, Slovakia, and Hungary) in September 2023, Romania introduced import licenses for grains and oilseeds from Ukraine and Moldova. This measure, introduced in October last year, was extended.
According to this decision, only Romanian companies engaged in the production of oil and fat products, flour milling, animal feed production and livestock farming are entitled to import agricultural products from Ukraine and Moldova.
