The OKKO Group plans to fully launch a EUR110 million bioethanol plant in the third quarter of 2026, according to the group’s CEO Vasily Danilyak.
“This year, we plan to complete the elevator and warehouse complex, which will enable us to receive corn from our cluster. We plan to fully launch the plant in the third quarter of 2026,” Danilyak said during the We Build Ukraine conference on Thursday, which was broadcast online.
He noted that total investment in the plant during 2024-2026 will amount to EUR 110 million, of which EUR 35 million will be the group’s own contribution and EUR 75 million will be debt financing. Of this, EUR 60 million was provided by the EBRD for a term of nine years, and another EUR 15 million by Raiffeisen Bank Ukraine for a term of seven years.
According to Danilyak, the plant’s annual capacity for bioethanol, demand for which is growing with the mandatory addition of 5% of this alcohol to motor gasoline from May 1, 2025, is 83,000 tons, and for animal feed – 70,000 tons. The plant’s annual capacity for corn processing is 270,000 tons.
As reported, in June 2024, the European Bank for Reconstruction and Development (EBRD) and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin for the construction of a new bioethanol plant in Ukraine.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The group’s flagship company is Galnaftogaz, which operates one of the largest petrol station chains in Ukraine under the OKKO brand, with around 400 petrol stations. The founder and ultimate beneficiary of the group is Vitaliy Antonov.
OKKO Group plans to install solar power plants at more than 80 fuel filling stations, founder of the holding Vitaliy Antonov said on his Facebook page.
He also informed about the opening of a solar power plant at a fuel station in Odesa at 2a Pestelia Street.
“For the Ukrainian fuel retail, this is a unique project. Both from an architectural and engineering point of view. We do not just have solar panels on the roof here. They themselves are a roof. Some 316 panels with a total area of more than 600 square meters convert ultraviolet light into useful energy,” he said.
He clarified that thanks to its own generation, the new filling station will be able to independently cover up to 70% of its electricity needs, and in warm weather – 100%.
“And I want to note that we approach cooperation with the sun systematically,” Antonov emphasized.
The OKKO filling station network (Galnaftogaz Concern) is a part of OKKO Group and is one of the largest filling networks in Ukraine, numbering 413 fuel filling complexes. The structure of the company also includes Ukraine’s largest network of food outlets on the road operating under the brands Hot café, A la minute, Pasta Mia and Meiwei, as well as the specialized operator OKKO Agrotrade, engaged in the development of the agricultural direction.
The company’s divisions are engaged in the sale of goods through stores at filling stations, the sale of petroleum products in large and small wholesale, provide services for the examination of the quality of fuel, storage and transportation of petroleum products. The OKKO network has ten own oil depots, one gas pumping station, 19 stationary and mobile laboratories for quality control of petroleum products.
The shareholder and institutional investor of the company is the European Bank for Reconstruction and Development.
OKKO Group Holding plans to start construction of a ski resort in 2021 on the territory of the Slavske amalgamated territorial community (Lviv region).
Taras Lozynsky, the deputy head of the department of tourism and resorts of the Lviv Regional Administration, told Interfax-Ukraine that the investment will amount to $500 million.
“This is a very long-term project that will last about four years. It will start in 2021. Now all issues with the land have been resolved, the next step is the development of the project, design estimates and the start of construction work,” he said.
According to Lozynsky, the resort will be built 15 km far from Slavske in the villages of Verkhnia Rozhanka and Volosianka.
“Austrian experts came to study the slopes, the height of the mountains, infrastructure and these settlements were included in the strategy,” he said.
“OKKO registered all its shares in Slavske and, accordingly, the tax paid by the company remains here in the community. These funds will be reinvested in the development of ski infrastructure, in the Slavske brand, in road repairs and community development,” Lozynsky added.
According to him, the resort will be eight or nine years ahead of Bukovel in technical development. The complex will include over 60 km of skiing pistes. The project will be implemented in three stages.
OKKO Group is an all-Ukrainian holding, the flagship of which is the network of OKKO filling stations (Concern Galnaftogaz). The OKKO Group includes more than 10 diversified businesses in the field of production, trade, construction, insurance, service and other services.
The holding also includes the Vash Dom housing construction company, which is engaged in the design, construction and implementation of housing projects.
The shareholders and institutional investors of the holding companies are the European Bank for Reconstruction and Development, GoldmanSachs, Horizon Capital, Renaissance Capital, Genesis AssetManagers, LLP, and others.
OKKO Group in coming months will start supplying electricity to Ukrainian consumers, the company’s press service has reported. OKKO Contract received the respective license on March 23.
“We continue developing towards an integrated energy service company, in which clients will be able to acquire all the required energy from one source – petroleum products, natural gas and electricity,”, Head of the sales department for new OKKO products Volodymyr Ostaschuk said. The holding said that, in addition to electricity supplies, they are also going to be engaged in its electricity generation from renewable sources.
“By the end of 2018, solar panels and generating equipment with a total capacity of 200 kW will be installed on the roof and facade of the central office of the holding in Lviv,” OKKO said.
Galnaftogaz Concern manages one of the largest fuel station networks in Ukraine. It includes about 440 fuel filling stations, the majority under the OKKO brand. The majority shareholder of the company is Vitaliy Antonov, among the minority shareholders is the European Bank for Reconstruction and Development.
