Business news from Ukraine

RISOIL TO INVEST $70 MLN IN EXPANSION OF GRAIN TERMINAL IN BLACK SEA PORT

18 November , 2016  

KYIV. Nov 18 (Interfax-Ukraine) – Risoil S.A. plans to invest about $70 million in building the third and fourth stages of Risoil Terminal grain terminal at the Black Sea port (Chornomorsky port, Odesa region).

According to a company report on Facebook, in March 2016 it launched the first two stages of the grain terminal. The amount of investments was $70 million.

“Now we plan to build the third and fourth phases, which include the construction of the second universal warehouse, an auto loading station and a double-sided pier,” the statement reads.

The amount of investments will be also about $70 million.

Risoil S.A. was founded in Geneva, Switzerland, in 2000. Its core business is logistics of oil, bulk and general cargoes in the Black Sea ports, sale and production of vegetable oils, trade in grains and oilseeds in containers, storage and processing of agricultural products.