Kernel acquired logistics assets in the ports of Chornomorsk and Reni
3.11.2023 - 16:30
Kernel invested in the acquisition of logistics assets in the ports of Chornomorsk and Reni to increase the sustainability of the oilseed processing business.
Kernel agribusiness director Ihor Chikin said this in an interview with UСAB.
“Kernel took a course to increase processing volumes. In the near future, we plan to complete our largest investment project and launch the Starokostiantyn Oil Extraction Plant. It will become the company’s first asset in the west of Ukraine and the most powerful among those in operation,” Chikin said.
Chikin said that Kernel additionally invested in the acquisition of logistics assets in the ports of Chornomorsk and Reni to increase the sustainability of the oilseed processing business.
According to the specialist, due to the blockade of sea ports, the company had to reorient logistics flows towards the western borders and river terminals and generally diversify logistics routes.
“After all, the existing routes are under threat, in particular, the river ports on the Danube have been under constant fire from the Russian side for the past few months. At the same time, there is no economically justified alternative to sea transportation,” Chikin said.
Kernel reminded that under the current circumstances, Ukraine can export only about 30 million tons/year by land and river routes. For comparison, in the pre-war period, export volumes from Ukraine could amount to 7 million tons of products per month.
“We hope that thanks to the support of the international community, Ukrainian sea corridors will work,” the expert summarized.
