KYIV. Oct 11 (Interfax-Ukraine) – Businessman Vasyl Khmelnytsky’s K.Fund is looking for an investor to build a sugar refinery to produce sugar syrup from wheat.
“If we manage, we’d like to build a factory next year to process wheat into flour, then flour into gluten, which will be used to produce sugar syrup. This is a very sophisticated production,” Khmelnytsky said at the Kyiv International Economic Forum on Friday.
According to him, sugar syrup is a sugar substitute used in particular in the confectionery industry.
“They [confectioneries] do use sugar directly – they use sugar to make syrup out of it and then only then it is used in production,” Khmelnytsky said.
K.Fund was founded by Ukrainian businessman Khmelnytsky in 2015 to support education and economic projects.
