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Kernel Halts Oilseed Plants After Drone Strikes
Confirmed
In Short: Kernel Holding, the world's largest sunflower oil producer, has halted all its oilseed crushing plants after Russian drones damaged its facilities.
Kernel Holding, the world's largest sunflower oil producer, has halted all its oilseed crushing plants after Russian drones damaged its facilities, the company said in a statement.
The drone attacks, which occurred on Thursday, Nov. 12, hit the Bandursky Oil Extraction Plant in the Mykolaiv region, damaging processing machinery and storage tanks.
Kernel has also halted all oilseed purchases and is shipping product already in warehouses to honor obligations to farmers and other partners.
Despite the stoppage, Kernel maintains full operational and financial stability, according to the company.
The Economy and Environment Ministry reported that the drone hit the territory of the Bandursky Oil Extraction Plant at about 5:30 a.m. on Thursday, Nov. 12.
Kernel’s consolidated financial statement for 2025, as shown in stock exchange data compiled by the Warsaw Stock Exchange citing Notoria data, puts revenue from sales at $4.4 billion, with operating profit of $441 million and EBITDA of $558 million.
The company wrote on Wednesday that over the past days Russian drones deliberately targeted processing plants across Ukraine, including Kernel’s assets, damaging production buildings, equipment, and storage tanks.
The strikes on Kernel’s facilities are reminiscent of the Russian ballistic missile strikes that forced key steel plants to halt operations, crushing 90% of production, according to industry officials reported on Sept. 29.
What's confirmed
- Kernel Holding, the world's largest sunflower oil producer, has halted all its oilseed crushing plants after Russian drones damaged its facilities, the company said in a statement.
- The drone attacks, which occurred on Thursday, Nov. 12, hit the Bandursky Oil Extraction Plant in the Mykolaiv region, damaging processing machinery and storage tanks.
- Kernel has also halted all oilseed purchases and is shipping product already in warehouses to honor obligations to farmers and other partners.
- Despite the stoppage, Kernel maintains full operational and financial stability, according to the company.
- The Economy and Environment Ministry reported that the drone hit the territory of the Bandursky Oil Extraction Plant at about 5:30 a.m. on Thursday, Nov. 12.
- Kernel’s consolidated financial statement for 2025, as shown in stock exchange data compiled by the Warsaw Stock Exchange citing Notoria data, puts revenue from sales at $4.4 billion, with operating profit of $441 million and EBITDA of $558 million.
- The company wrote on Wednesday that over the past days Russian drones deliberately targeted processing plants across Ukraine, including Kernel’s assets, damaging production buildings, equipment, and storage tanks.
- The strikes on Kernel’s facilities are reminiscent of the Russian ballistic missile strikes that forced key steel plants to halt operations, crushing 90% of production, according to industry officials reported on Sept. 29.
What's still developing
- The strikes killed five plant workers, injured 17 others, and inflicted catastrophic damage across key production workshops.
- The strikes deployed precision ballistic missiles against blast-furnace workshops at two Metinvest plants and the ArcelorMittal complex in Kryvyi Rih.
- 25, ArcelorMittal Kryvyi Rih — Ukraine's largest integrated steel mill — announced that it halts operations until the end of the war.