Cargill: More oil seed production in Ukraine

29-11-2007 | |

Cargill has expressed interest in building another oil seed extraction plant in Ukraine, costing about $80 million.

Cargill officials in Ukraine confirmed their company’s
interest to construct the plant, but declined to provide details concerning its
location and which oils-bearing crops – sun, rape or soy – would be processed at
the plant. A report by business daily Kommersant-Ukraine suggested the facility
would process rapeseed, a key raw material used in producing
bio-fuel.

Currently, three multinational agro-industry leaders have a
strong presence on Ukraine’s oil-bearing crop and processing business: Cargill, Archer Daniels Midland
(ADM) and Bunge. Ukraine is the world’s
number one sun oil-producing country and the number two sun seed producer after
Russia. Cargill runs two oil-extraction plants in Ukraine – in Kakhovka and
Donetsk.

Related website:
Cargill

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