MARKET DEVELOPMENT
IFC may loan $45 million to develop Yuzhny port palm oil refinery
IFC may loan $45 million to develop Yuzhny port palm oil refinery
21/07/2008 (Ukrainian Journal), KIEV – The International Finance Corporation, the private sector arm of the World Bank Group, could give a $45 million credit to Delta-Wilmar CIS to expand its production facilities and develop infrastructure at a palm oil refinery at the Yuzhny port in Odesa, IFC reported on Friday.
The corporation said that the value of the project is estimated at $235 million.
It is expected that the board of directors would consider the issuing of the funds on August 25, 2008.