The BGV Graphite project will produce spherical graphite (SPG), a key material for lithium-ion batteries. According to preliminary calculations, it will require approximately $450M in investment, stated Genadiy Butkevych, the founder of BGV Group Management.
While there could be hundreds of such projects in Ukraine, they necessitate international partnerships and substantial investment, he believes. Collaborating with American businesses will enable the creation of not only raw material CRM projects but also high-value-added ventures.
“This is the focus of our group as we develop the mining sector,” Butkevych explained.
“The company understands from experience how technological, large-scale, and investment-heavy this sector can be,” he emphasized.
Butkevych noted that BGV Group Management has been involved in mining projects for ten years. Ukraine can offer the United States 22 out of the 50 listed critical minerals, presenting an opportunity to bolster Ukraine’s economy.