The Vitagro group of companies is going to attract 110 million euros in investments into its biomethane plant in Khmelnytsky, Ukraine.
The capital will increase its capacity by 5 million cubic meters at the start of biomethane production, according to Serhiy Savchuk, director of development and investment at Vitagro.
Speaking at the Ukraine Recovery Conference in Berlin (June 12), he said: “We know that by 2030, 35 million cubic meters of biomethane will be consumed in the EU.
“That is why we have invested €6 million in our first biomethane plant in Ukraine. Yesterday I talked to our customers in Europe who sell our product in the EU. I sent them memorandums for additional investments in our biomethane plant.”
He also said that since Russia invaded the country, the group of companies has launched five projects using its own funds.
Projects for the production of fertilizer and a plant for the production of bioethanol from corn pellets have already been completed.
Imagee Credits Pixabay | viusal for illustration purpose
