Everi vegetable oil export terminal delivers storage and loading services to first-class international and domestic customers
Glencore Agriculture has acquired vegetable oil export terminal in Ukraine. (Credit: Tumisu from Pixabay)
Glencore Agriculture has completed the acquisition of Ukrainian Everi port terminal from Orexim group of companies.
Situated in the city of Mykolaiv, Everi is a major vegetable oil export terminal that provides storage and loading services to first-class international and domestic customers.
Everi vegetable oil export terminal facility, which was first built in 2010, had been last expanded in 2018.
Everi port terminal can load up to 1.5 million mt of vegetable oil per year
According to the company, the Mykolaiv vegetable oil export terminal facility has a static storage capacity of 160,000 metric tonnes (mt).
Everi port terminal holds the capacity to load up to 1.5 million mt of vegetable oil per year for export destinations.
Glencore Agriculture CEO David Mattiske said: “This acquisition reinforces our long term commitment to the agriculture sector in Ukraine and establishes Glencore Agriculture Limited as a key and reliable partner within the global vegetable oil supply chain.
“We are excited to operate a best-in-class asset and we remain committed to delivering high standards of service to Everi terminal customers.”
Glencore Agriculture is engaged in the origination, handling, processing and marketing of agricultural commodities and products.
With more than 16,000 employees, the company carries out operations in over 35 countries across the world.
The company manages a strategic network of storage, processing and transport assets and infrastructure to better meet the requirements of its customers globally.
In July this year, the European Bank for Reconstruction and Development (EBRD) agreed to provide a loan of $27m to Nibulon Group, a grain trader in Ukraine.
The $27m loan will be used by Nibulon to address its working capital needs in the procurement of agricultural commodities, processing, storage, transportation and their sale for export.