Brief: Kernel Holding Management Ups Capex For New Processing Plant To USD 279 Mln

Kernel Holding SA

08/07/2021 07:42

July 8 (Reuters) - Kernel Holding SA  KER.WA :
    * SAID ON WEDNESDAY MANAGEMENT HAS INCREASED ITS CAPEX
EXPECTATION
RELATED TO THE CONSTRUCTION OF THE OILSEED PROCESSING PLANT IN
WESTERN UKRAINE TO USD 279 MLN FROM USD 180 MLN
    * INCREMENTAL EXPENDITURE IS RESULT OF ON-GOING CHANGES MADE
TO
INITIAL PLANT DESIGN EXPANDING SUNFLOWER SEEDS IN-TAKE AND
STORAGE CAPACITY, IMPROVING CAPABILITIES OF ON-SITE TRUCK AND
RAILWAY LOGISTICS ALONG WITH ELEVATED COSTS OF CONSTRUCTION
MATERIALS REFLECTING GLOBAL PRICING TRENDS AND LABOR INFLATION
    * UPON COMMISSION SCHEDULED FOR SPRING 2022, THE PLANT WILL
HAVE
THE CAPACITY TO PROCESS ONE MILLION TONS OF SUNFLOWER SEEDS PER
YEAR
    * ADJACENT CHPP FACILITY WILL HAVE THE ELECTRICITY
GENERATION
CAPACITY OF 22.5 MW TO PRODUCE THE RENEWABLE ENERGY FROM BIOMASS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM31c9j6a
    
 Further company coverage:  KER.WA  
   


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