Business news from Ukraine

NIBULON INTENDS TO REPLACE TECHNOLOGICAL SOLUTIONS AT GRAIN TERMINAL

JV Nibulon LLC (Mykoliav) intends to replace technological flows at its operating transshipment terminal for grains and oilseeds in Mykoliav and modernize the aspiration (ventilation) system, which will minimize the impact on the environment, increase the emergency safety of production, improve working conditions, fire safety and industrial sanitation.
Information about this is stipulated in the unified register of environmental impact assessment of the Ministry of Environmental Protection and Natural Resources of Ukraine.
The project involves the installation of additional 24 aspiration systems at the terminal, replacement of belt conveyors with chain conveyors, installation of fire-fighting dry pipes and explosion arresters for transport elevators – devices to prevent an explosion in an enclosed space.
At the moment, Nibulon is considering two options for installing the aspiration system: using dust collectors of the sleeve type or cyclone type.
The company said that its transshipment terminal is located on a plot with a total area of 15.86 hectares, which it owns.

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CARGILL BECOMES OWNER OF 51% STAKE IN UKRAINIAN NEPTUNE GRAIN TERMINAL

Cargill became the majority (51%) owner of a joint venture with Neptune Port Holding B.V. brothers Yehor Hrebennikov and Andriy Stavnitser of M.V. Cargo LLC, a grain terminal Neptune with a design capacity of 5 million tonnes per year in Pivdenny port in the Black Sea.
“Neptune is meeting the growing demand for deep water port infrastructure in Ukraine by giving farmers access to new distant markets,” Cargill said in a statement on Friday.
The U.S. company said that in 2016 it signed an agreement with Stavnitser and Hrebennikov on the construction of the terminal, which started operation in 2019.
“Neptune is strengthening Cargill’s port infrastructure in the Black Sea region, therefore, we continue to invest in the agricultural sector of Ukraine,” Cargill said.
Neptune handles various types of grains and oilseeds, primarily maize, barley and wheat, with a depth of 16 meters at the terminal berth, which allows it to receive large-tonnage vessels. Cargill is an important user of the terminal, exporting a significant portion of the products purchased in Ukraine from it, but Neptune serves other customers as well.
“In short: Cargill had an obligation to enter the project, and we signed to bring the terminal to the level of Cargill’s space standards. Now Yehor and I are practically equal partners with the largest private food corporation in the world,” Stavnitser said on Facebook.
He said that in 2014, when the war broke out, an oil extraction plant in Donetsk was taken away from the U.S. investor, but Cargill was persuaded to make a new investment in Ukraine.
Stavnitser said that two years after the launch and in the process of completion, Neptune became grain terminal No. 2 on the Black Sea in terms of cargo turnover.
The statement does not contain information about the cost of the transaction. It is said that Cargill, as the majority shareholder, will lead the strategic development of the Neptune terminal, with a local team responsible for operational management.

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KOREAN POSCO AND UKRAINIAN OREXIM OPEN NEW GRAIN TERMINAL IN MYKOLAIV REGION

Posco International Corporation Korea-based Company and Ukrainian Orexim Group have officially opened a grain terminal with a total storage capacity of over 140,000 tonnes in Mykolaiv seaport.
As Orexim reported on its website, the grain terminal was built on the base of Mykolaiv Milling Works.
“By the start of work of the new grain terminal Posco plans to increase Ukrainian grain export to 3 million per year. Also, the company has in plans to create their own park of rail wagons for grain transporting,” said the Group.
As reported, in February 2019, Posco Corporation announced that it has signed an agreement with the Orexim Group from Ukraine on the acquisition of 75% of shares in the grain export terminal being built at the Mykolaiv maritime merchandise port.
Orexim Group started its activity in 2004 as a small trading company having transformed over several years of continuing successful activity into a market leader with around 1,000 employees. The group incorporates over 20 enterprises.
The core business is exports of agricultural products, port and logistics services. The company has invested over $100 million in fixed assets.
In August 2016, the group finalized a deal to acquire Mykolaiv Grain Terminal.
In February 2018, the Black Sea Trade and Development Bank (BSTDB) is providing EUR 31 million to Orexim Group to reconstruct and modernize private joint-stock company Mykolaiv Grain Terminal.

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VEGETABLE OIL COMPANY RISOIL WILL INSTALL NEW SILOS IN GRAIN TERMINAL IN CHORNOMORSK PORT

Risoil S.A. plans to install eight new silos at the grain terminal Risoil Terminal in Chornomorsk port and increase the capacity of storage by 105,000 tonnes, to 257,000 tonnes on average (depending on the crops). “This month, the installation of eight new silos begins. The volume of storage will be 105,000 tonnes more. The supplier of silos is AGI, the leading global manufacturer of equipment. It is planned to compete the installation work by the end of 2019,” the group said on Facebook.
Risoil S.A. was established in Geneva (Switzerland) in 2000. Its core business is logistics of oil, bulk and general cargo in the ports of the Black Sea, the sale and production of vegetable oils, trade in grains and oilseeds in containers, storage and processing of agro-industrial products.
The grain terminal Risoil Terminal in Chornomorsk port was put into operation in 2016.

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GRAIN TERMINAL OF MV CARGO LAUNCHES SECOND RAILWAY LINE IN PIVDENNY PORT

The grain terminal of MV Cargo, a joint project of MV Cargo with Cargill (the United States) in Pivdenny port, has launched the second railway line.
“In May, the grain terminal of MV Cargo launched the second railway line. Now we will be able to accept grain twice as fast – 24 wagons simultaneously on two tracks. At the same time, we will be able to unload four cars at the speed of one car in three minutes,” according to a report on Facebook.
MV Cargo expects that such rates will allow increasing the average daily unloading to 300 wagons, which is equivalent to 18,000 tonnes per day or up to 540,000 tonnes of grain per month.
As reported, MV Cargo postponed the official opening of the terminal until September 6, 2019.

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BROOKLYN-KYIV PLANS TO LAUNCH GRAIN TERMINAL AT UKRAINIAN ODESA PORT

The Odesa branch of the Ukrainian Sea Ports Authority and Brooklyn-Kyiv have signed a memorandum on the completion of construction of a grain terminal at Odesa seaport.
According to an Interfax-Ukraine correspondent, the memorandum was signed during the Ukrainian Port Forum 2019 in Odesa.
On the part of the stevedoring company, the memorandum was signed by the director general and founder of Brooklyn-Kyiv, Yuriy Hubankov.
“On behalf of Brooklyn-Kyiv and Louis Dreyfus Company I want to thank the Ministry of Infrastructure, the Ukrainian Sea Ports Authority and the management of the Odesa branch of the Ukrainian Sea Ports Authority… I am sure that in September we will launch the project and give the port of Odesa an additional 3 million tonnes of transshipment,” Hubankov said.
From the Ukrainian Sea Ports Authority, the memorandum was signed by the head of the Odesa branch, Ihor Tkachuk.
“This project was started in 2008, but was suspended for technical reasons. However, thanks to the new leadership of the Ukrainian Sea Ports Authority, a clear position of the Ministry of Infrastructure, we were able to move it forward and today it is already at the final stage of the completion. With this memorandum we confirm our plans to complete construction in due term. We are planning to continue dredging and improving the port infrastructure,” he said.

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