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Kernel launches second Chornomorsk facility

Kernel group, a major Ukrainian grain and sunflower oil exporter, is set to launch the first phase (1 Mtpa) of its new grain terminal at the country’s Black Sea harbour of Chornomorsk.

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The terminal is expected to reach its full capacity of 4 Mtpa by next year, by which time additional rail approach lines will be built, and wagon handling capacity expanded by 50%.

 

Kernel already operates a 4 Mtpa grain terminal at the port, meaning its aggregate grain handling capacity at Chornomorsk will double. To reach that goal, the firm is planning to invest US$66M in the project during the fiscal year 2019 (ending June 2019), and US$120M in FY 2019-20.

 

Kernel exported record-breaking 4.4 Mt of soft commodities in the first half of its 2019 marketing year, up 30% year-on-year. The company plans to double its volumes by the end of the season.

 

Kernel is the world’s largest producer and exporter of sunflower oil, responsible for about 8% of world production. It increased the volumes of its sunflower oil sales by 8% this season to 777,000t, with the growth driven by greater exports to Iraq, India, and China.

 

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