Astarta, a leading Ukrainian agribusiness holding, and the International Finance Corporation (IFC) have signed a $40 million loan agreement.
According to Astarta’s press office, the project will contribute to job creation, enhance the productivity of the agricultural sector, and stimulate economic growth.
Astarta emphasized that it will be the first company in Ukraine to launch the production of soy protein concentrate — an environmentally friendly and sustainable alternative to fishmeal used in European aquaculture.
The project also aims to support local farmers by expanding Astarta’s supplier network and increasing domestic procurement volumes. Additionally, the facility will produce soy molasses, a by-product of processing, which will be utilized in the company’s biogas plants.
The financing package includes a $27 million loan from IFC’s own funds and a $13 million concessional loan provided by the Government of the Netherlands.
Victor Ivanchyk, CEO and founder of Astarta, stated:
“By launching the country’s first soy protein concentrate production, we are integrating Ukraine into global food supply chains, contributing to economic recovery, industrial modernization, and the creation of new jobs.”
