Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds.

According to Vitagro, by 2030 35 million cubic meters of biomethane will be consumed in the EU. That is why the company invested €6M in a biomethane plant and plans to make additional investments with European partners. The company is working to attract €110M for its Khmelnytskyi plant, which will enable Vitagro to increase production of biomethane by five million cubic meters per year.

The Vitagro group of companies has started five projects at its own expense since the beginning of the full-scale war. Currently, projects to produce fertilizers and a plant that produces bioethanol from corn pellets have already been fully completed.

Also, the EBRD has loaned €60M to Ukrainian company Lan-Oil, from the OKKO group, to build a biofuel production plant. The loan is accompanied by an EU financial guarantee, which is provided by the investment component of the Ukraine Facility program. This is the bank’s first investment in private biofuel production in Ukraine during the war.