EBRD issues a €25 mln loan to Myronivsky Hliboprodukt

Source : 112 Ukraine

The loan will finance the construction of a biogas plant
22:59, 27 December 2017

Open source

The European Bank for Reconstruction and Development (EBRD) has approved the issue of a senior loan of €25 million to PJSC Myronivsky Hliboprodukt, according to the bank’s press release, reported by Interfax-Ukraine.

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“This loan will be used to finance the construction and start of operation of a 10 MW biogas plant located in Ladyzhyn, Vinnytsia region. The biogas plant will utilize chicken manure and other agricultural residues from the company’s poultry and grain operations,” the press release reads.

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“By financing this project, the bank is helpin Myronivsky Hliboprodukt implement its long-term strategy to develop “green energy” capacity, become self-sufficient in terms of energy consumption, reduce its environmental footprint and manage waste more effectively. This will be the corporation’s second biogas plant already, and the largest biogas facility in the whole country so far,” the press release claims.

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“The project will benefit from a $358,000 grant available under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FITNECC) program. The aim of the grant is to support improvements in the technology of biogas production and the implementation of energy management system. Once the plant begins its operations, it is expected to reduce the amount of emissions by 90,000 tons of CO2 equivalent every year,” it states.

Myronivsky Hliboprodukt is Ukraine’s largest producer of poultry meat, grain and fodder. The corporation is also involved in production of cereals, sunflower oil and various meat products

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