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KERNEL HOLDING S.A.: AMENDMENT OF THE CAPITAL EXPENSE PLAN FOR THE NEW OILSEED PROCESSING PLANT IN WESTERN UKRAINE

Spis treści:

1. REPORT

reklama

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załączników:
Current report 11 2021 eng.pdf  (REPORT)

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POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 11 / 2021
Date of issue: 2021-07-07
Short name of the issuer
KERNEL HOLDING S.A.
Subject
AMENDMENT OF THE CAPITAL EXPENSE PLAN FOR THE NEW OILSEED PROCESSING PLANT IN WESTERN UKRAINE
Official market - legal basis
art. 17. 1 MAR.
Unofficial market - legal basis
Contents of the report:
Kernel Holding S.A. informs that the management expectation of the capital expense related to the construction of the oilseed processing plant in western Ukraine has increased from initial US$ 180 million to US$ 279 million.

Incremental expenditure is a result of on-going changes made to the initial plant design expanding sunflower seeds in-take and storage capacity, improving capabilities of on-site truck and railway logistics along with elevated costs of construction materials reflecting global pricing trends and labor inflation.

Upon commission scheduled for spring 2022, the oilseed processing plant will have the capacity to process one million tons of sunflower seeds per year. Co-generation heat and power facility adjacent to the plant will have the electricity generation capacity of 22.5 MW to produce the renewable energy from biomass.
Annexes
File Description
Current report 11 2021 eng.pdfCurrent report 11 2021 eng.pdf

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KERNEL HOLDING S.A.
(fullname of the issuer)
KERNEL HOLDING S.A. Spożywczy (spo)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
L-1273 Luxembourg
(post code) (city)
rue de Bitbourg 9
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

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SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
Źródło: Komunikaty spółek (ESPI)
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