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Astarta to invest $50 mln in construction of soybean processing line at Globynsky processing plant

KYIV. Sept 15 (Interfax-Ukraine) – Agricultural holding Astarta, the largest sugar producer in Ukraine, has begun construction of an additional line for deep processing of soybeans at the Globynsky processing plant (Poltava region).

According to a statement from the agricultural holding on the Warsaw Stock Exchange on Tuesday evening, the $50 million project will allow producing up to 100,000 tonnes of soy protein concentrate per year.

"The technology is innovative for Ukraine. The soy protein concentrate is made by aqueous alcohol extraction from granulated soybean meal. Soy concentrate is used as a high-quality feed component for livestock, poultry and fish," the company said.

The project timeline is two years.

According to the data on the company’s website, the soybean processing plant was launched at the beginning of 2014. It is capable of producing about 160,000 tonnes of high-protein soybean meal, 40,000 tonnes of soybean oil and 9,000 tonnes of granular casing annually. The enterprise also includes facilities for storing finished products and an elevator with a storage capacity of 42,000 tonnes, as well as the necessary engineering, road and rail communications.

More than 80% of the plant’s products are supplied to the EU, the Middle and Far East. The main part of soybeans for processing is grown by agricultural companies of the agricultural holding.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine.