The Ukrainian government has approved the launch of the privatization process for the Odesa Portside Plant (OPP). The state-owned stake in the enterprise will be sold through an open electronic auction with a starting price of UAH 4.5 billion. This was reported by Mind, citing Prime Minister Yuliia Svyrydenko, according to the PromPolitInform portal.
The Odesa Portside Plant is one of the country’s largest chemical complexes. Prior to the full-scale war, it produced ammonia and urea and exported fertilizers. Since 2022, its core production has been suspended, and the plant has been operating in a limited mode, supplying oxygen and nitrogen for critical needs and functioning as a port logistics hub.
According to government officials, the full restoration of the plant’s operations is only possible with the involvement of a private investor. The sale of the enterprise is expected to attract investment, create new jobs, and provide Ukrainian farmers with access to affordable domestically produced fertilizers.
