Kernel, the world’s largest producer and exporter of sunflower oil, outlines its three year, $550 million investment plan

Kernel, the world’s largest producer and exporter of sunflower oil, outlines its three year, $550 million investment plan in its new annual report. By the end of 2019 at Chornomorsk port, Kernel plans to open an expanded grain storage terminal with an annual storage capacity of 4 million tons. By the end of 2020, the company plans to install five heat and electricity plants. Fueled on sunflower husks and generating a total of 72 MW, the plants will power Kernel facilities. In 2021, the company plans to commission an oil processing plant capable of processing 1 million tons of grain a year and storing 100,000 tons of sunflower oil. Powered by the 22 MW biomass powered plant, the new complex will be in Starokostiantyniv district of 50 km north of Khmelnytskiy city.