Allseeds to launch an oil extraction plant near the port of Yuzhny by 2015
2013-10-03 10:44:10
Allseeds Black Sea is planning to launch by 2015 an oil extraction plant with a crushing capacity of 650 KMT of sunseed a year (2 KMT a day) on the premises of its own terminal in Odesa region (port of Yuzhny). The company’s chief financial officer Ton Hulls specified that the plant would process other oilseeds, too. According to him, Allseeds has already begun to construct the oil extractor and is planning to invest about USD 150 Ml into it. Please remember that in summer 2013 the company put into operation the first stage of a sunseed handling, storing and shipping terminal on the coast of Small Adzhalyk Estuary nearby the port of Yuzhny. Its capacity equals 42 KMT a month. Within the second stage it was projected to build an oil extractor and increase the terminal’s capacity to 100 KMT a month. The company cooperates with TIS terminals.