April 15 2014, 11:10 Source: APK-Inform Views: 673

Kernel to invest 200 mln USD for construction of crop storage and processing complex

Kernel, one of the largest Ukrainian agrarian groups, plans to start construction of the complex for agricultural crops storage and processing in 2014 in Prylutsky raion of Chernihiv oblast, declared the press-service of the company on April 9.

According to the announcement, the volume of investments provided to the project is estimated at 200 mln USD.

The planned capacities of the complex will total: grain storage - 80 thsd tonnes, sunflower seed storage - 100 thsd tonnes, processing capacities for oilseeds (rapeseed, sunflower seed, soybeans) - nearly 650 thsd tonnes per year.

The important features of the project include using of the alternative fuel in the form of sunflower husk in order to produce steam for technological process requirements. Such fuel would allow stopping of usage of natural gas as the main fuel, traditionally used in the industry.

Kernel Group is the vertically integrated company, operating in the agro-industrial sector of Ukraine since 1994. The company produces sugar, sunflower oil, realizes distribution of bottled sunflower oil through the country under the trade marks "Shchedryi Dar", "Stozhar", "Chumak Zolota", exports of grains and vegetable oils, provides storing services for grains and oilseeds at own elevators, and deals with agricultural production. Also, the holding owns a network of grain elevators in Ukraine with the general capacity of simultaneous storage at over 2.8 mln tonnes.


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