Mykolaiv Alumina Plant to be sold subject to compliance with environmental safety standards

The Mykolaiv Alumina Plant is being prepared for sale this year. One of the conditions for a future investor is environmental safety.

One of the main conditions for the sale of the MGP will be compliance with environmental safety standards. This was stated by Deputy Minister of Economy, Environment and Agriculture Daryna Marchak, Ukrinform reports.

“The issue of environmental safety is one of the key ones for such giant enterprises as the MGP or the Odessa Port Plant. The specific obligations of investors will be determined in the privatization terms, which are being developed by the State Property Fund, and will be approved by the Cabinet of Ministers. Everything related to people and the environment will be part of the investment obligations of the potential buyer,” Marchak commented.

She specified that the state plans to put the Mykolaiv Alumina Plant up for auction by the end of 2026. The government has not yet developed the terms of privatization, but in any case, the issue of ecology is one of the cornerstones. In this case, we are talking about sludge fields, the dusting of which poses an environmental threat to residents of surrounding settlements.

Regarding the possible reprofiling of the enterprise, Marchak said that the authorities are counting on a specialized strategic investor.

According to her, the MGH in its specialized activities is very interesting for international investors. It can generate great added value for the region, just as it was before the full-scale invasion.

“But for this, we need to work out both technical and legal issues that will affect investment attractiveness. Our task is to find a good, strong, strategic investor for this facility, which will give it new life, investments, jobs and active tax payment,” the deputy minister noted.

One of the main challenges in this matter is the military risks that threaten the business of the Mykolaiv region. Therefore, the ministry, together with international partners, is also working on mechanisms for insuring such risks for large industrial facilities.

Earlier, USM reported that this year the State Property Fund of Ukraine plns to sell Odesa Port Plant and the Mykolaiv Alumina Plant is planning to sell it.