The project, valued at €110 million, will significantly contribute to Ukraine’s renewable energy and agricultural processing sectors.
Strategic Timeline and Investment Breakdown
At the We Build Ukraine conference, Vasyl Danylyak, CEO of OKKO Group, shared that the elevator and warehouse group will be commissioned in 2025, enabling corn intake from the company’s agricultural cluster. Full-scale operations at the plant are scheduled to begin by Q3 2026.
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Total investment: €110 million (2024–2026)
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OKKO’s own contribution: €35 million
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Debt financing: €75 million
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EBRD loan: €60 million for 9 years
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Raiffeisen Bank Ukraine: €15 million for 7 years
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Plant Capacity and Market Relevance
The facility will process 270,000 tons of corn annually, producing:
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83,000 tons of bioethanol per year (aligned with new fuel regulations)
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70,000 tons of animal feed
The launch supports the upcoming legislative requirement in Ukraine mandating the addition of 5% bioethanol to all motor gasoline, starting May 1, 2025.
Outlook
The OKKO bioethanol project is expected to become one of the most advanced facilities in Ukraine’s renewable fuel infrastructure. It aligns with both national energy independence goals and EU environmental standards.
