Ukraine biomethane plant “to attract €110m investment”

news item image
The Vitagro group of companies is set to attract €110 million in investments into its Khmelnytsky biomethane plant in Ukraine.
The capital will increase its capacity by 5 million cubic metres at the start of biomethane production, according to Serhiy Savchuk, director of development and investment at Vitagro.
At the Ukraine Recovery Conference in Berlin (12 June), he said: “We understand that by 2030, 35 million cubic metres of biomethane will be consumed in the EU.
"That is why we invested €6 million in our first biomethane plant in Ukraine. Yesterday I spoke with our consumers in Europe, who sell our product in the EU. I sent them memoranda for additional investments in our biomethane plant.”
He also said the group of companies has launched five projects using its own funds since Russia's invasion of the country.
Fertiliser production projects and a plant for the production of bioethanol from corn pellets have already been fully completed.

184 queries in 0.453 seconds.