Ukraine Launches Production of its Own “Euro 5” Class Fuel

Friday, August 27, 2021
Ukraine Launches Production of its Own “Euro 5” Class Fuel

The benzene produced in Ukraine will first fully cover the demand of the Ukrainian market, and then it will be released to foreign markets

Already in January next year, the private company Ukrainian Petroleum will launch the production of 99,9% pure benzene for chemical synthesis and hexane solvent. The technological process will be based on the processing of gas condensate and light hydrocarbon gas condensate produced by Ukrainian mining" rel="dofollow">enterprises.

According to the investment group AES Group, owner of Ukrainian Petroleum, the process of modernizing the old plant and building a new one is already at the home stretch.

"We have an ambitious goal, supported by our capabilities — to produce Euro 5 fuel in Ukraine, which in all respects meets world premium quality standards. We equip the enterprise with licensed world technologies. Our investments in modernization, according to preliminary estimates, will amount to more than $200 million," says CEO of AES Group Konstantyn Valeulin.

Ukrainian Petroleum is unique since there have been no such enterprises in Ukraine for all the years of independence. Earlier, Ukraine built import relations with Belarus, Russia, and Romania on their terms. From now on, the production of an exclusively Ukrainian product will create a reliable domestic fuel potential of the country, increase the export opportunities of its petrochemical complex and become a strong card in the oil extraction industry.

"Ukrainian Petroleum is a Ukrainian company. We are interested in creating a Ukrainian product that every Ukrainian can proudly use, instead of more expensive imported analogs," notes Konstantyn Valeulin.

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