Methanol from Russia to be auctioned in Odesa region in the Dutch format

For the second time, the National Asset Recovery and Management Agency (ARMA) failed to sell methanol in the total amount of 1,574 kilograms, which is stored in 12 metal barrels of 200 liters each, so it changed the auction format.

According to the protocol in the Prozorro.Sale system, the auction scheduled for August 13, like the previous one, did not take place due to the lack of bidders.

The methanol was detained by Odesa Customs and handed over to the agency by Kyiv's Shevchenkivskyi Court in 2024. This is a Russian-made product of OJSC Shchekinoazot (Russian Federation, Tula region, Shchekinsky district, Pervomaisky working settlement), TOMET LLC (Russian Federation, Samara) and Togliattiazot LLC (Russian Federation, Samara region, Togliatti).

The starting price of the new auction remained the same as during the second one - UAH 28 million 462.6 thousand. The new auction is planned as a hybrid Dutch auction. This format is usually used to sell assets whose market value is difficult to determine: overdue loans, property of bankrupt banks, or in case of unsuccessful English auctions.

The future winner of the auction will have to pay customs duties in the amount of UAH 44 million 886.9 thousand to the ARMA account.

The first attempt to sell this methanol was made on July 31, when the starting price was UAH 56 million 925.1 thousand.

Кирило Бойко