The HMO will try to resume in August

ОПЗ попробует возобновить работу в августе

PJSC “Odessa port plant” will make another attempt to resume work on tolling scheme in August 2019, said the Deputy Director of the plant Stepan Kiminini at a press conference on July 18.

“Production is idle, we have more than a year, only complex for transshipment of ammonia at the level of 2.3 million tonnes per year. The HMO entered into a contract with dualcam for which we perform services on natural gas processing plants. In the near future we plan to start preparing for the launch of two units of urea and one ammonia. If they met all the conditions of the contract, in August we need to get the products,” he said Kiminini.

As reported, the SCR is idle since the end of April 2018.

The HMO called the work under a tolling agreement the only alternative to the resumption of work in terms of the failure of privatization and accumulated debt for gas to “Naftogaz of Ukraine”, which is more than 1.5 billion.

The state property Fund of Ukraine at the end of July 2018 has selected Pericles led by Global Advisory consortium comprising White & Case LLP, Kinstellar, KPMG Ukraine and SARS Capital as investamerica for the privatization of the OPP. The EA was blocked by litigation, which was initiated by the losing bidder. In July 2019 the Board of judges of Cassation administrative court Supreme court dismissed the appeal of the SPF on the decision of the courts previous instances, unlocking the appointment of advisors for privatization of five state-owned companies, in particular, the SCR.

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