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Odesa Portal Plant resumes operatin

"So far, we employ a tolling scheme but we are looking at all possible options."

Odesa Portal Plant resumes operatin
Photo: Photo: opz.odessa.net

The Odesa Portal Plant (OPP) has resumed operation, its deputy director Mykola Shchurykov said on 2 March.

"So far, we employ a tolling scheme, but we are looking at all possible options," he wrote on Facebook. The OPP has been idle for two months.

The company has been stopped because of the high price of natural gas supplied by Naftohaz Ukrayiny. As of late December, the OPP owed Naftohaz 1.5bn hryvnyas. To allow the company to repay the debt, the Cabinet of Ministers decided to stop the plant and lease it out.

The OPP is the largest producer of ammonia in the post-Soviet space. It has the country's only terminal for ammonia reloading to marine vessels. The OPP is a terminal link of the Togliatti-Horlivka-Odesa ammonia pipeline.

The State Property Fund of Ukraine, which manages the OPP, made two unsuccessful attempts to sell it last year.