Deal #4592

Location #1

Spatial accuracy level
Administrative region
Location
Mlyniv, Rivnens'ka oblast, Ukraine, 35100

Target country
Ukraine

Location #2

Spatial accuracy level
Administrative region
Location
Kholopychi, Volyns'ka oblast, Ukraine, 45520

Target country
Ukraine

Land area

Size under contract (leased or purchased area, in ha)
[2010] 11000
[2012] 6600
Size in operation (production, in ha)
[2010] 5200

Intention of investment

Intention of investment
Food crops, Agriculture unspecified, Renewable Energy
Comment on intention of investment
Mainly rapeseed for the operation of heating plants.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)
[2014] Failed (Contract cancelled)
Comment on negotiation status
In 2014, all assets in the Ukraine were sold to an Ukrainian company for 3,72 miL. Euro, since the profits produced by SBE were much lower than expected. More precisely, SBE generated losses. Allegedly the project failed, because of mismanagement, corruption and problematic political conditions in the Ukraine. According to a newspaper article Stadtwerke Uelzen lost approx. 5 mio. Euro, while Stadtwerke Schwäbisch Hall lost 10 mio. Euro. as a consequence of the project (sources: http://www.energie-und-management.de/?id=84&no_cache=1&terminID=104477; http://www.swp.de/crailsheim/lokales/landkreis_schwaebisch_hall/Ernte-fast-im-Trockenen;art5722,705295; http://www.weser-kurier.de/startseite_artikel,-Ukraine-sucht-Bauern-_arid,991219.html; http://www.contra-magazin.com/2014/06/der-deal-ging-nach-hinten-los-ukrainischer-raps-fuer-deutsches-heizkraftwerk/)

Implementation status

Implementation status
In operation (production)
[2014] Project abandoned
[2014] In operation (production)
Comment on implementation status
Previous project abandoned in 2014 and started a new one but with food crops aims.

Operating company

Operating company
Comment on investment chain
SBE operated in the Ukraine through four subsidiaries: SBE Ukraine Rivne, SBE Ukraine Volyn, Fasttrack Agroestate and Biofuel Kontor Ukraine (since it is unknown which subsidiary owns what quantity of land, it was not possible to disentangle the deal and the intermediary company SBE was entered as the primary investor). The four subsidiaries were sold in 2014 to an Ukrainian company.

 

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Data source #1

Data source type
Media report
File
Date
2010-10-23

Data source #2

Data source type
Media report
File
Date
2010-04-08

Data source #3

Data source type
Media report
File
Date
2014-11-17

Data source #4

Data source type
Media report
File
Date
2014-06-11

Data source #5

Data source type
Company sources
File
Comment on data source
Production of the Company.

Data source #6

Data source type
Media report
File
Date
2014-05-12

Data source #7

Data source type
Research Paper / Policy Report
File
Comment on data source
Research paper from 2012

Data source #8

Data source type
Media report
File
Date
2010-12-03
Comment on data source
Problems with production

Data source #9

Data source type
Media report
File
Comment on data source
This company bought all subsidiaries of SBE Holding in Ukraine in 2014 with 9100 ha of land.

Data source #10

Data source type
Government sources
File
Comment on data source
SBE Ukraine Rivne - account number 34337505 in the National register.

Data source #11

Data source type
Media report
File
Comment on data source
Information about location and landbank for Rivne

Data source #12

Data source type
Media report
File
Comment on data source
Information about location and landbank for Volyn

Data source #13

Data source type
Media report
File
Date
2010-11-08

Former land owner (not by constitution)

Former land owner
Private (smallholders)

Former land use

Former land use
Commercial (large-scale) agriculture

Detailed crop, animal and mineral information

Crops area
Barley, Corn (Maize), Peas, Rapeseed, Soya Beans, Sugar beet, Sun Flower, Wheat

May 21, 2018, 12:32 p.m.

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May 17, 2018, 8:54 p.m.

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May 14, 2018, 11:39 a.m.

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April 4, 2018, 5:36 p.m.

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April 3, 2018, 8:08 p.m.

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March 30, 2018, 5:53 p.m.

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April 19, 2016, 8:02 p.m.

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Jan. 26, 2016, 12:57 p.m.

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Feb. 25, 2015, 2:11 p.m.

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Feb. 25, 2015, 2:04 p.m.

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Feb. 25, 2015, 2:03 p.m.

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Feb. 25, 2015, 2:01 p.m.

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Feb. 25, 2015, 2 p.m.

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Feb. 25, 2015, 1:58 p.m.

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Feb. 24, 2015, 7:03 p.m.

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Feb. 24, 2015, 6:53 p.m.

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