Chinese Investors Plan the Third-Largest World’s Corn Processing Plant in Ukraine

Tuesday, June 8, 2021
1 MIN
Chinese Investors Plan the Third-Largest World’s Corn Processing Plant in Ukraine

The plant is to build in the city of Chortkiv, Ternopil region. There are two more plans for the future

President of the Ukrainian agrarian confederation Leonid Kozachenko said that the plant will become the third in the world in terms of capacity because it will process 1 million tons of grain per year and produce 19 products from corn.

In general, they want to increase grain storage volumes in the country by 10 million tons. Construction of an internal elevator will require $ 150-200 per ton of production, and for the construction of a port terminal — $ 250-300 per ton. 

“This is a long-term investment. The payback period for the elevator is 7-10 years. Where to get such funds is the number one question,” added Leonid Kozachenko.

During the Grain storage forum elevator (только первая буква заглавная) 2021 Leonid Kozachenko said: “Every week I have at least two meetings with representatives of China and the Middle East. Chinese investors want to build the world's third-largest corn processing plant. The only obstacle is the provision of electricity, perhaps a power plant will be built". 

Earlier, the president of the Ukrainian agrarian confederation said that gross agricultural/" rel="dofollow">agricultural production could be tripled with an investment of $ 75 billion.

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