Wednesday, August 19, 2015

Dutch, Swiss investors pump $200 million in oil mill near Odessa

A new oil extracting mill, which belongs to the Allseeds Black Sea company, has a capacity to process 2,400 tons of sunflower seeds, hundreds of tons of soybeans and rapeseed per day. It is situated within the Yuzhny port near Odessa.

The oil mill has been built at the expense of Dutch and Swiss investors who pumped a total of about $200 million in the project.

Plans are afoot to complete the oil and grain complex by 2020. The project provides for additional development of the transportation infrastructure and construction of moorings designed to load ships with oil and grain. By that time the complex will employ between 1,500 and 2,000 workers.

Readers of The Ukrainian Times know that operation of the sunflower oil mill Ecotrans owned by Allseeds Ukraine was suspended by order of a municipal council in the city of Nikolaev in 2008. According to local authorities, Ecotrans violated the law on environmental protection. In particular, the enterprise was contaminating two residential districts of Nikolaev with dangerous discharges in the air. Excess discharges in the air were registered after the mill had started burning the husk as the source of alternative energy because of a rise in natural-gas prices.

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