Business news from Ukraine

UKRTEPLO SEEKS TO INVEST UAH 2.5 BLN IN BIOFUEL CHPP, ETHANOL PLANT IN ODESA REGION

2 August , 2017  

ODESA. Aug 2 (Interfax-Ukraine) – The Ukrteplo Group, operating the largest network of biofuel boilers in the country, intends to build a combined heat and power plant (CHPP) with a capacity of 12 MW in Odesa region. The plant will consume agricultural waste.
The group also wants to build a bio-ethanol plant.
Head of Odesa Regional Administration Maskym Stepanov wrote on his Facebook page that the CHPP will be ready by autumn 2018, and the plant with a projected annual capacity of 50,000 tonnes of spirit is to start operating in 2021.
Total investment in the project will be UAH 2.5 billion.
The press service of Odesa Regional Administration told Interfax-Ukraine that Ukrteplo is the investor in the project. The plants will be located on the basis of Zaplazky sugar refinery in Liubashivka district of Odesa region. The investor also plans to launch production of essential oils there.
Ukrteplo was founded in 2011. Its network includes 110 facilities in 14 regions with a total capacity of 158 MW. The portfolio of the group’s projects includes biofuel CHPP, small hydroelectric power plants and biogas plants.