Delta-Wilmar CIS Expansion

completed

The proposed IFC investment entails financing of expansion of an existing 1,500 metric ton per day crude palm oil refinery and shortening manufacturing facility. The project is located in the town of Yuzhny in the Odessa region of Ukraine. The facility is currently refining crude palm oil (CPO) which is imported from Malaysia and Indonesia and producing refined oil and shortening to serve the Ukrainian, Russian and other CIS markets. The expansion entails constructing new facilities that will double current refining capacity of the Company including installation of additional oil storage tanks, refinery, warehouses, fractionation and hydrogenation facility, water treatment plant, and other supporting installations. The project will help the Company to expand its production volume and the range of its products as well as the flexibility of refining facility to process CPO or other crude oil materials. All expansion facilities are to be constructed on the Company''s existing property and no new land will be acquired for this project.