The Mykolaiv Alumina Plant is set to be put up for privatization, subject to environmental safety requirements
The Mykolaiv Alumina Plant (MAP) is scheduled to be sold through a privatization auction by the end of 2026, with compliance with environmental safety standards being one of the key conditions of the sale.
This was announced during a briefing in Mykolaiv by Daryna Marchak, Deputy Minister of Economy, Environment, and Agriculture.
According to her, for large industrial facilities such as the MGZ, environmental issues are a priority, and the future investor’s specific obligations will be included in the privatization terms being prepared by the State Property Fund and approved by the government.
She emphasized that all requirements concerning human and environmental safety will become part of the buyer’s investment obligations.
“Environmental safety is one of the key issues for such giant enterprises as MGZ or the Odesa Port Plant. The specific obligations of investors will be determined in the privatization terms… Everything related to people and the environment will be part of the potential buyer’s investment obligations,” Marchak noted.
Separately, the ministry emphasizes that the state intends to attract a specialized strategic investor capable of resuming production, securing jobs, and generating tax revenue.
At the same time, one of the key challenges remains the environmental situation at the plant, particularly the management of the sludge fields. Approximately 48 million tons of red sludge have accumulated on the plant’s grounds, which, if not properly contained, could cause dust pollution in the surrounding areas.
The ministry also notes that due to military risks to the industrial sector of the Mykolaiv region, investment insurance mechanisms are being developed with the support of international partners.
As a reminder, the Cabinet of Ministers amended the rules for small-scale privatization, making open online auctions mandatory for the sale of leased state or municipal property that has undergone repairs or modernization. From now on, the non-competitive purchase of such properties at a significantly lower price is completely abolished, and the price will be determined solely by the market.
The state-owned construction company “Ukrbud” was successfully privatized at an online auction on June 18, 2025, as part of the large-scale privatization program.
The State Property Fund of Ukraine (SPFU) sold a group of non-residential premises in central Kyiv with a total area of 1,727.4 m² at an online privatization auction. Due to high competition, the lot’s price increased nearly 1,042-fold—from a starting price of 347,452 UAH to 362 million UAH.
