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Bunge Marks Completion Of Ukraine Port Facility Annex
During a tour of Bunge’s facility is center left Ukrain Managing Director
Dmytro Horshunov speaking with Acting Deputy Secretary Michael Scuse.
Photo by John LaRose
9th of a 10 Part Series
JOHN M. LAROSE
BETTY VALLE GEGG-NAEGER
MidAmerica Farmer Grower
MYKOLAIV, UKRAINE
Bunge Limited recently held a ribbon-cutting ceremony marking the completion of a $180 million, addition to its grain handling terminal on the Black Sea at Mykolaiv, Ukraine.
The new addition includes an oilseed refinery, an oil handling terminal and an expanded grain terminal. The expanded facility has the capacity to refine 790,000 tons of oilseeds a year, 2,400 tons of sunflower seeds and 1,700 tons of soybeans a day. This brings Bunge’s total investment in the Ukraine seaport facility to $280 million.
Bunge made its first Ukraine investment in 2011, when it built the initial handling terminal. At that time the handling terminal expanded Ukraine’s export capacity by 3 million tons a year.
During the ribbon cutting ceremony Bunge’s Ukraine Managing Director Dmytro Horshunov introduced Ukraine President Petro Porosenko who addressed the crowd of over 250 people.
President Porosenko expressed appreciation to Bunge for their confidence and investment in Ukraine. President Porosenko stated, “This port facility would allow increasing purchase prices of agriculture products, which will help Ukraine farmers. This also shows that reforms conducted in the country are effective, and this investment is evidence of the improving investment climate in Ukraine.”
Following Ukraine President Porosenko 20 minute presentation, USDA Acting Deputy Secretary (ADS) Michael Scuse who was in Ukraine on a USDA Trade Mission was invited to address the crowd.
ADS Scuse said, “Agriculture is going to need farmers, regulators, traders, and every country to be engaged. The effort is to figure out creative ways to produce more with less, and to get that food to people who truly need it. One of the obvious tools we have to meet the needs of future global security is through trade, the ability of each country to figure out what it does best, make sure it has adequate supplies for its own people and then make these products, the surpluses produced, available for others.”
“Ukraine clearly is one of the top agricultural powerhouses and exporters in the world, and has the potential of increased productivity to help feed that growing demand. As Ukraine continues to increase its agricultural output, it will also need increased capacity to get that food to global markets where it is so desperately needed. I am proud of the Bunge Company for investing in the future of Ukraine,” stated Scuse.
“This facility that we are celebrating today will expand port infrastructure and provide greater efficiencies to connect Ukraine’s surplus with that of the rest of the world. I applaud Ukraine’s leadership both at the national level as well as the local level for making a commitment to creating an investment environment that helps bring U.S. investors like Bunge into your country,”
Scuse concluded by saying, I want to thank Bunge for investing in Ukraine’s future which we believe is a very bright future, and I want to thank you Ukraine for partnering with an American Company. ∆
JOHN M. LAROSE: Publisher MidAmerica Farmer Grower
BETTY VALLE GEGG-NAEGER: Senior Staff Writer, MidAmerica Farmer Grower
Speaking from left to right is Bunge’s Ukraine Managing Director Dmytro Horshunov;
Acting Deputy Secretary Michael Scuse and Ukraine President Petro Porosenko.
Photos by John LaRose
Dignitaries addressing a large crowd attending the
Ribbon Cutting Ceremony of the new Bunge facility.
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