The Cabinet of Ministers approved the terms for the privatization of the Odessa Port Plant (OPP), as well as the sale of two sanctioned assets — Demurinsky Mining and Processing Plant LLC and Motordetal-Konotop LLC, Prime Minister Yuliia Svyrydenko said. The Verkhovna Rada had approved her resignation from the post of prime minister the previous day.
"The state-owned stake in Odessa Port Plant will be put up for an open electronic auction with a starting price of more than UAH 4.3 billion. The goal is to attract a strategic investor who will restore the full operation of one of Ukraine’s largest chemical complexes," Svyrydenko wrote on Telegram.
She noted that key conditions for the buyer include investing at least UAH 500 million in modernization and improving the energy efficiency of production, as well as maintaining the company’s core activities.
According to Svyrydenko, the starting sale price for Demurinsky Mining and Processing Plant has been set at UAH 1.82 billion, while Motordetal-Konotop will have a starting price of UAH 415.5 million.
All three assets will be sold through open online auctions via the Prozorro.Sale system, and the proceeds will be transferred to the Fund for the Elimination of the Consequences of Armed Aggression and used for Ukraine’s reconstruction, the prime minister added.
- The Odessa Port Plant (OPP) is the largest state-owned chemical company in Ukraine, specializing in the production of ammonia, urea, and liquid nitrogen. In September 2021, the plant halted production due to high natural gas prices.
- In August 2024, authorities attempted to partially restart ammonia production, but the effort was unsuccessful due to security risks. During the war, OPP’s infrastructure has been used for grain transshipment operations.
- According to YouControl data, OPP’s net loss increased by 68% in 2024, reaching UAH 1.84 billion, with revenue of UAH 878.16 million. In 2021, the plant reported a net profit of UAH 25.8 million on revenue of UAH 2.1 billion.
- An attempt to sell the asset in November 2025 at a starting price four times lower than the current valuation ended unsuccessfully.
