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.
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.