Government approves privatisation of Odesa Port Plant: Prime Minister

The Government has approved the privatisation of the Odesa Port Plant. This was announced by Prime Minister of Ukraine Yulia Svyrydenko following the Cabinet of Ministers meeting on 26 August.

“The state’s share package will be offered at an open electronic auction with a starting price of UAH 4.5 billion,” the Head of Government stated.

The Prime Minister emphasised that the Odesa Port Plant is one of Ukraine’s largest chemical complexes, which, before the war, produced ammonia and urea and exported fertilisers. Since 2022, its main production has been halted, but the plant has continued partial operations, supplying oxygen and nitrogen for critical needs and serving as a port hub.

“The enterprise must resume full operations. This is only possible by attracting a private owner and investments. The sale of the Odesa Port Plant will help fill the budget, create new jobs, and provide Ukrainian farmers with access to domestic fertilisers,” Yulia Svyrydenko stressed.