Kernel Holding SA

01/26/2023 | Press release | Distributed by Public on 01/26/2023 03:15

Kernel purchased terminal at Port Yuzhny

Kernel purchased a terminal at Sea Trade Port Yuzhny (Odesa region). OilExportTerminal is capable to accept and separately store all types of vegetable oils (sunflower, soybean, and rapeseed).

According to Kernel CEO Yevgen Osypov, the new asset is strategically important for the Company given that oil transshipment is not available at Mykolaiv terminals. In 2019-2022 marketing years, Mykolaiv accounted for about half of the total oil transshipment volumes in Ukraine.

"Mykolaiv is of historical importance in this regard. The full-scale war caused the port and terminals to shut down. They are not included in the Grain Corridor. That's why we are using OilExportTerminal in Yuzhny to cover the temporary losses," Yevgen Osipov noted.

Yuriy Pugach, Kernel's Production Director, stated that the terminal could simultaneously store 49,404 tons of products. The existing facilities are divided into 4 groups capable to discharge oils from road and rail transport. A project to discharge oil from tank containers on railway platforms has also been implemented.

Today, the maximum unloading capacity at the terminal per day is 100 tank trucks with a total volume of 2,500 tons and 24 rail tank trucks with a volume of 1,440 tons. The maximum vessel loading speed is 500 tons per hour.