The DFC will provide $40M to Astarta Holding to build a processing plant.

The US Development Finance Corporation (DFC) has given preliminary approval for a loan of up to $40M for the Astarta agro-industrial holding, Ukraine’s largest sugar producer. The loan will help to build and operate a soy protein processing plant in the Poltava region with a projected annual capacity of about 100,000 tons, among other investments.

In turn, the International Finance Corporation (IFC) announced at the end of November 2024 that it was considering providing Astarta with a $40M loan and a parallel loan of the same amount for the aforementioned plant in the Poltava region. The IFC Board of Directors will consider this project on February 28 2025.

As reported, Astarta began investing in the construction of a plant for processing soybean meal into soy protein concentrate in the Globyno industrial complex in 2024. The company will invest more than €76M in purchasing equipment and technologies and create 110 new jobs.

Astarta, within the framework of the project’s implementation, signed the first investment agreement with the Ukrainian government to receive compensation from the state program providing compensation for significant investments.

Soybean concentrate is obtained from processing soybean meal, producing higher added value. It serves as a raw material in animal feed production.