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Risoil puts down new roots in Ukraine

Risoil, a major grain and vegetable oil exporter from the Black Sea region, has this year significantly expanded its foothold at the port of Chornomorsk.

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In late May, the firm was given the green light by Ukraine’s Antimonopoly Committee for the acquisition of a majority stake in Boconti Ukraine (BU), the operator of one of Chornomorsk’s largest (up to 2 Mtpa) bulk terminals.


The facility is capable of accommodating 50,000 dwt Handymax vessels, loading/discharging 20,000 t/day from them. BU can handle 200 gondola cars a day and has one-time storage for 200,000t of bulk cargoes.


Risoil is planning to invest US$20M to equip the terminal with mew machinery to expand its handling and storage capacities.


In April, Risoil bought profit participation rights for Exim Oil (EO), a Chornomorsk-based operator of a liquid cargo storage station connected with Risoil’s vegoil reservoir. As a result, Risoil has expanded its one-rime storage capacity to 110,000t of vegoil, while getting an additional loading rack for 14 tank-cars and increasing its aggregate handling capacity to 88 tank-cars a day. Risoil is planning to invest US$5M in the newly acquired facility within a next few years.


In March this year, Risoil unveiled a project to build a 300m-long finger pier to simultaneously handle of two Panamax grain carriers. This would allow it to expand its daily grain handling volume by 60,000t. The project is part of a US$70M plan to further develop Risoil’s Chornomorsk grain terminal.


In January 2020, Risoil won the concession to operate the state-run Kherson Commercial Seaport in the Dnieper River delta. The river is a key route for delivering Ukrainian grain exports to the country’s Black sea ports.


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