FMO will issue $10 million to Nibulon
Dutch Development Bank (FMO) will issue $10 million to Nibulon (Mykolaiv), one of the largest Ukrainian grain traders, for the development of river logistics capacity.
The Project will support Nibulon's strategy aimed mainly at the expansion and optimisation of its river grain logistics facilities in order to increase grain trading volumes, reducing the share of road and rail transportation, which will lead to the improvement of profitability, efficiency, as well as to the reduction of environmental footprint. https://www.fmo.nl/project-detail/53707 and https://www.fmo.nl/project-detail/52768
In the next two years Nibulon plans to reorient all of its cargoes to the Dnipro river and transport 4 million tonnes of products per year by water, which will reduce the load on the roads. https://en.interfax.com.ua/
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country.