Sector News

Cargill to invest $100 mln in Ukraine grain terminal

February 25, 2016
Food & Drink

U.S. agriculture giant Cargill will invest $100 million in building a new grain terminal at Ukraine’s Black Sea port of Yuzhny, Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday.

The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of 5 million tonnes of grain and other commodities, Andriy Pivovarsky, Ukrainian infrastructure minister, said after a signing ceremony.

The ministry last year said Cargill, one of the world’s largest privately-held corporations, would be able to open the terminal by 2017.

Ukraine is currently able to ship about 35 million tonnes of grain from its sea ports but the government has said it wants to double export loading capacity within the next five years.

Ukraine is likely to export a record 37 million tonnes of grain this season. (Reporting by Pavel Polityuk; Editing by Mark Potter)

Source: Reuters

comments closed

Related News

January 22, 2023

Danone unveils plan to cut methane emissions

Food & Drink

The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.

January 22, 2023

US researchers land US$2.4M to turn food waste into “affordable” bioplastics

Food & Drink

The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.

January 22, 2023

Arkeon partners with ICL to transform CO2 into proteins

Food & Drink

Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.

How can we help you?

We're easy to reach