The Ukrainian Cabinet of Ministers has approved the privatization of the Odesa Port Plant. According to Prime Minister Yuliia Svyrydenko, the state’s stake will be put up for an open electronic auction with a starting price of ₴4.5 billion.
The Odesa Port Plant is one of Ukraine’s largest chemical complexes. Before the war, it produced ammonia and urea and exported fertilizers. However, since 2022, its main production has been halted, operating only partially to supply oxygen and nitrogen for critical needs and serve as a port hub.
Svyrydenko emphasized that the plant needs to fully resume operations, which is only possible through private ownership and investment. The sale aims to replenish the budget, create jobs, and secure domestic fertilizer supplies for Ukrainian farmers.
