Project description
and objectives:
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The proposed project consists of financing of working capital commodity stocks for a new edible oil crushing facility.
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Transition impact:
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The transition impact is expected to derive especially from positive development of the sector through backward linkages and EBRD policy dialogue regarding commodity financing instruments: The Company will buy seeds from a mix of traders and Ukrainian farmers. ADM and Risoil SA both bring relevant expertise to the Project. While there have been several foreign investments in the sector, the Ukrainian oilseed sector is still short of working capital, know-how and upgrades of outdated equipment. In addition, there are a number of regulatory issues general to the sector which the Bank is working to resolve in its dialogues and workshops with Ukrainian government. This project will contribute therefore to the Bank’s overall effort to support this critical sector for Ukraine.
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The client:
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Ilichevsk Maslo Extraction Zavod JSC, a 50/50 joint venture between Archer Daniels Midland a large American agribusiness company and Risoil SA, a Swiss registered agri-commodity trading company.
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EBRD finance:
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Up to US$30 million revolving working capital finance of which up to US$20 million for the Bank’s account.
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Total project cost:
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US$46 million
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Environmental impact:
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The project has been classified as C/1 requiring an environmental audit of the Ilichevsk Maslo Extraction facility. ADM has already conducted a certain amount of environmental due diligence including a technical study by independent consultants. ADM will collate this information into a coherent environmental summary report to demonstrate how the facility currently complies with applicable national and EU standards for environment, health and safety. As necessary, ADM will develop an environmental action plan to address any deficiencies identified. ADM will also provide the Bank with an annual environmental report on environmental issues affecting the facility and on the implementation of any environmental action plans.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr Igor Yanchev, Director
Tel: + 380 444 944 210
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EBRD contact:
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Christian Kleboth, Operation Leader: klebothc@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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