Ukrainian company Astarta initiated a $35m project
The plant will have an installed crushing capacity of 700 tons of soybeans per day or 220,000 tons a…The plant will have an installed crushing capacity of 700 tons of soybeans per day or 220,000 tons annually.
Annual production capacity of the plant will be up to 160,000 tons of feeding high-protein toasted meal, 40,000 tons of soybean oil, and 9,000 tons of granulated husks. The plant will be more than 60% self-sufficient in soybeans, produced by the agricultural enterprises of Astarta.
The project also includes construction of elevator with designed capacity of 42,000 tons and storages for finished goods.
According to Astarta, the long-term financing for the project will be provided by an international financial institution. The start of the plant's operations is scheduled in 2013.
Astarta CEO Victor Ivanchyk said the project will extend value chain, increase revenues, strengthen the business' diversification and mitigate the currency risks due to export sales growth.
"Additional advantage is good synergy with the planned biogas production at Globyno sugar plan, and with cattle farming segment of the Group," Ivanchyk added.
