Ukraine and the Republic of Korea are deepening cooperation in the field of green energy and infrastructure reconstruction. The Korean corporation POSCO International is preparing to build a combined heat and power (CHP) plant in Odesa, which will run on RDF fuel (refuse-derived fuel produced from waste).
The project was discussed during a meeting between Minister of Economy, Environment and Agriculture Oleksiy Sobolev and representatives of POSCO International, with the support of the Economic Development and Cooperation Fund (EDCF) and KEXIM Bank.
Why the Odesa CHP Matters
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Green technology: the plant will operate on RDF, reducing the amount of waste and cutting harmful emissions.
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Energy security: Odesa will receive an additional stable energy source, helping the region withstand wartime challenges.
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Investment impact: the CHP is part of Ukraine’s Unified Project Portfolio, with expected approval from the Strategic Investment Council.
According to Sobolev, the project combines “an investment component and an environmental component,” and can later be replicated in other Ukrainian regions.
POSCO’s Role in Ukraine’s Reconstruction
POSCO International already has extensive global experience in infrastructure and energy projects. Through cooperation with EDCF and KEXIM Bank, Korean companies are entering Ukraine’s reconstruction market, focusing on:
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Waste-to-energy technologies,
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Railway infrastructure projects (including a new depot with Ukrzaliznytsia),
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Agrologistics hubs (a planned grain terminal in Mykolaiv region).
Strategic Perspective for Foreign Investors
The Odesa CHP reflects Ukraine’s broader strategy of:
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Attracting foreign capital into critical infrastructure,
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Developing sustainable energy projects,
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Aligning environmental standards with the European Green Deal.
✅ For investors, this means entry into a long-term, government-prioritized sector with guarantees of state and international support.
