Ukrainian Releaf Paper plans to invest €500,000 in production and attract €16M in investment.

The Releaf Paper startup is investing €500,000 in a raw material production project in Ukraine, the company’s top manager, Oleksandr Sobolenko, said. He plans to start implementing the project in the second half of the year, which will process green waste to produce filler for paper.

When the company decides to expand its installation to a full-fledged pulp mill, the investment will increase to €5M, and the processing capacity will increase to 25,000 tons annually. The company plans to expand its presence in the Ukrainian market. The next step is manufacturing products (packaging, notebooks) through local subcontractors.

In addition, Releaf Paper is preparing to conduct a €16M investment round in 2025; among the investors will be the European Commission. By then, a similar pulp mill project in France is scheduled to be completed. All funds will be directed to expanding production – both existing facilities and creating new ones.