Corn Starch Production Plant Planned in Odesa Region

This is stated in a notice on activities subject to an environmental impact assessment, LIGA.net reports.

The enterprise is planned to be located on industrial land within an industrial park that already has road and railway infrastructure.

The plant will use corn wet-milling technology. The complex will have facilities for receiving, cleaning, drying, storing and processing grain, as well as for producing, drying and packaging finished products.

The complex’s designed production capacity will be 600 tonnes of corn per day, or 198,000 tonnes per year. Annual output of the main product — corn starch — is planned at more than 139,000 tonnes.

In addition to starch, the enterprise will produce gluten, corn germ, dry extract and pelleted feed made from pulp. Daily production capacity will amount to 422 tonnes of starch, 27 tonnes of gluten, 40 tonnes of corn germ, 23 tonnes of dry extract and 76 tonnes of pelleted feed.

A grain storage facility with a total simultaneous capacity of 36,400 tonnes is planned for storing raw materials. Its throughput capacity will amount to 198,000 tonnes of grain per year.

The founders of Biostarch Technologies LLC are the Cyprus-based company Mosdale LTD and JSC Closed-End Non-Diversified Venture Corporate Investment Fund Pars (50/50). The ultimate beneficial owners are Pavlo Kapelka and Hennadii Plyhach, registered in Jurmala, Latvia, each of whom owns 28% of the company.