OKKO is planning to build a biodiesel plant after the bioethanol plant, said Vasyl Danyliak, CEO of the group.
“Over the past two years, we have been working on building a biofuel processing strategy, and we have made good progress in this regard. At the end of last year, we approved the concept of our bioethanol plant… And now we have a biodiesel plant in development,” he said during the Money for Victory forum organized by Forbes Ukraine.
Danyliak said that preparatory work has already begun for the construction of a bioethanol plant in Ternopil region with an annual production capacity of 83,000 tons within two years.
He explained that the group’s entry into crop production is due to the need to partially provide its own raw materials. “With the construction of the bioethanol and biodiesel plants, we will be a very large consumer of raw materials from crop production,” the CEO said.
In addition, according to him, the recent purchase of stakes in a number of enterprises also includes livestock (cowsheds), which will allow OKKO to produce biomethane.
As reported, in mid-May 2024, the AMCU granted permits to the holding company of OKKO Group, GNG Retail Limited (Cyprus), to purchase shares in Gadz-Agro LLC with a land bank of 25 thousand hectares and Ukrpolfrukt LLC (both in Ternopil region), majority owned by businessman Petro Gadz.
“Gadz-Agro currently leases about 25 thousand hectares located in one area in three districts of Ternopil region. The company is engaged in the production and sale of basic and certified seeds, cultivation and storage of grain and industrial crops, their trade, production of flour and cereals, and breeding of dairy cattle.
“Ukrpolfrukt specializes in growing berries, nuts, pome and stone fruits, fruit trees and shrubs, and nursery farming.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
