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, the company’s management said.
The terminal is designed to handle 4 MMT of grain a year. The investment amount is projected at $100 million. 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.
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 making the company a leading Black Sea grain exporter. (UkrAgroConsult/Business World Magazine)
