IFC issues $40 million to build Ukraine's first soy protein concentrate plant
KYIV, May 14 (Reuters) - The International Finance Corporation has issued a $40 million financing package for Ukraine farm group Astarta to build the country's first soy protein concentrate plant, it said on Wednesday.
The financing package includes a $27 million loan for IFC's own account and a $13 million concession loan from the government of the Netherlands, it said in a statement.
"The project will support farmers by expanding the supplier base and increasing market purchases. The plant will also produce soybean molasses, a byproduct of production, for its own biogas needs," IFC said.
Ukraine harvested a record 6.5 million metric tons of soybeans in 2024 but the harvest may decrease to 6.11 million tons in 2025 due to a smaller sowing area.
APK-Inform agriculture consultancy said this week Ukraine may export 3.69 million tons of soybeans in the new 2025/26 season.
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