The largest chicken exporter in Ukraine will receive up to $30M in financing from the IFC to expand the capacity of its biomethane production plant.

The International Finance Corporation (IFC) will resume cooperation with the MHP agricultural holding, the largest chicken producer in Ukraine, and provide a loan to its daughter company, the Vinnytsia Poultry Factory. It is noted that the company already operates two biogas plants for processing waste from its farms into green energy.

As part of its decarbonization strategy, MHP plans to increase biomethane production in Ukraine by modernizing and expanding the capacity of its biogas plants in several stages. The project’s first planned stage is to modernize existing capacities to obtain 14,000 tons of liquefied biomethane per year, and the second stage – to expand capacities to 20.5 MW (as of today, the capacity is 12 MW).

The total cost of the project is estimated at $52M. In addition to the IFC loan, MHP expects to self-finance the project.