Following the completion of construction of the first phase of its bioethanol plant with an annual capacity of 83,000 metric tons, the OKKO Group plans to build the second phase with an annual capacity of 120,000 metric tons, according to the group’s CEO, Vasyl Danyliak.
“We are first building the first phase of the plant with a capacity of 83,000 metric tons of bioethanol, and then we will expand capacity. And we want to produce 120,000 metric tons of bioethanol per year in the second phase,” Danilyak said on the Fedoriv vlog on YouTube.
He added that the group plans to consume 50% of the bioethanol it produces in the future and export the remaining 50% to European markets.
Citing the experience of bioethanol production in the U.S., he noted that the capacity of plants in that country is at least 1 million metric tons, which, he said, allows for “economies of scale.”
As reported in early July 2026, citing Vasyl Danylyak, CEO of the OKKO Group of Companies, the group had to postpone the full launch of its EUR110 million bioethanol plant from the third quarter of 2026 to the first quarter of 2027. Danylyak attributed this to delays in the manufacture of certain units.
He noted, however, that part of the facility—specifically, the storage area for finished products—has already been completed.
Danylyak also pointed out that the retail chain itself would not be able to consume all of the plant’s bioethanol—which has a design capacity of 83,000 metric tons—even if it were to add 10% bioethanol to gasoline on its own. At the time, he noted that the group would be able to consume up to 60% of the bioethanol production capacity.
The group planned to sell the remainder to other retail chains or export it.
Of the total investment in the plant during 2024–2026, amounting to EUR 110 million, EUR 35 million is the group’s own contribution, and EUR 75 million is debt financing. Of this amount, EUR 60 million was provided by the EBRD for a nine-year term, and another EUR 15 million by Raiffeisen Bank Ukraine for a seven-year term.
According to Danilyak, the plant’s annual capacity is 83,000 metric tons of bioethanol, 70,000 metric tons of animal feed, and 270,000 metric tons of corn processing.
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
