Bakhmatiuk To Build Multifunctional Agricultural Hub At Yuzhny Port

UkrLandFarming, the largest agricultural holding in Ukraine in terms of land area, plans to build a multifunctional agricultural hub with a transshipment capacity of up to 10 million tons of grain and more than 260,000 tons of oil per year in two phases at the Yuzhny commercial seaport (Odessa region). The Interfax-Ukraine news agency reported this, citing a source in the Odessa regional administration.

The agricultural hub is to be constructed on two land plots with a combined area of more than 200 hectares on both sides of the Adjalyk estuary.

The hub is expected to include an oil-and-fat complex and a grain terminal. The company is considering the possibility of completing a container terminal and a feed mill in the future.

As reported, UkrLandFarming’s owner Oleh Bakhmatiuk intends to develop this project jointly with the Portinvest company, which manages the port operations of businessman Rinat Akhmetov's SCM group.

According to a source, the project is divided into two phases. The first phase is expected to involve creation of a facility for transshipment of up to 5 million tons of grain per year with simultaneous storage of nearly 600,000 cubic meters of grain, processing of 1,500 tons oil seeds per day, and shipment of more than 130,000 tons of oil and nearly 130,000 tons of oil meal per year.

The capacity of the complex will nearly double after implementation of its second phase: transshipment of up to 10 million tons of grain per year and simultaneous storage of nearly 1 million cubic meters of grain, more than 260,000 tons of oil and 255,000 tons of oil meal per year. For the second phase to be implemented, the water depth at the complex’s quay should reach 19 meters.

Two lines for reception of grains from trucks and four lines for reception of grains from railcars are expected to be built at each of the sites. Each site will also be equipped with four ship-loading lines with a capacity of 1,500 per hour.

UkrLandFarming’s net profit increased by 39% to USD 754.054 million and its revenues increased by 10% to USD 2.072 billion in 2013.