Ukraine. Kernel to kick off the construction of a grain terminal in Chornomorsk

13.12.2016

Kernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, said the company’s management.

The terminal is designed for handling 4 MMT of grain a year. The investment amount is projected at USD 100 Ml. The construction of the facility is to be completed in 2018. Previously, Kernel planned to begin this work in the fall of 2016, after completing all necessary documents in the Infrastructure Ministry, reports UkrAgroConsult.

Kernel now owns one terminal in Chornomorsk with a total capacity of 4 MMT and a 50% stake in a terminal in Taman (Russia, Kernel’s partner for the project is Glencore). If the third terminal is launched successfully, Kernel’s total grain handling capacity will be 10 MMT that may become the company a leading Black Sea grain exporter.

More information on grain handling capacities in ports is available in UkrAgroConsult report "Grain-handling Capacities in Ukrainian ports: Attractive for Investing".

 

UkrAgroConsult

 

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