OKKO to become another player in the ukrainian bioethanol market

OKKO GROUP plans to launch a bioethanol plant in the third quarter of 2026. According to Interfax-Ukraine, citing CEO of the group Vasyl Danyliak, the company plans to fully complete the elevator and storage complex this year and begin accepting corn from its own cluster.

As Vasyl Danyliak noted during the "We Build Ukraine" conference, the total investment in the plant from 2024-2026 amounts to 110 million euros, of which 35 million euros is the group's own contribution and 75 million euros is debt financing. Of this, 60 million euros was provided by the EBRD for a term of nine years, and another 15 million euros by Raiffeisen Bank Ukraine for a term of seven years.

The plant's annual capacity will be 83,000 tons of bioethanol, 70,000 tons of animal feed, and the corn processing capacity will be 270,000 tons.

It is worth mentioning that the first exporter of Ukrainian biomethane to the EU is GC Vitagro. On February 7 of this year, biomethane produced by Vitagro in Ukraine from 100% animal waste was exported to Germany for the first time in the format of a "test delivery" of 720 MWh (approximately 68,000 cubic meters).

Currently, the company has several projects to scale up biomethane production, including the construction of new plants. This was stated in an interview with Forbes by Serhiy Savchuk, Director of Development and Investment at the company. According to him, the construction of one plant in the Khmelnytskyi region and another in the Rivne region is planned. The total capacity of the two new plants is about 8 million cubic meters of biomethane per year. At the same time, the company may attract foreign investors to the capital.

MHP Eco Energy, which is part of the MHP holding, became the second player in the market and exported the first batch of biomethane to the European Union on February 11. A total of 27,400 cubic meters of biomethane were exported. MHP exported biomethane via gas pipelines across the Ukrainian-Polish border to Germany. The buyer of the biomethane was Vitol.