In what may be regarded as a significant move toward strengthening Europe biogas market, the European Bank for Reconstruction and Development (EBRD) has approved a loan of 25 million Euros to one of the foremost poultry meat and fodder producing firms of Ukraine, PJSC Myronivsky Hliboproduct (MHP). Reportedly, the company would utilize the loan to build a 10 MW biogas facility in Ladyzhyn, a town located in Vinnytsia Oblast, Ukraine. The plant would put to use chicken manure and other agricultural waste from the firm’s poultry and grain operations to generate electricity.
For the record, the London Stock Exchange-listed Ukrainian giant commands a rather significant foothold in Europe biogas industry. The proposed plant would be the second biogas facility of MHP, as the company constructed its first biogas plant at Oril-Leader poultry farm in Dnipropetrovsk Oblast in the year 2012 at a cost of USD 15 million. As per reliable sources, the Dnipropetrovsk based facility produced around 5MWh of electricity in 2013 and is currently regarded as Europe’s largest biogas station, in terms of the electricity generated by utilizing chicken manure and slaughterhouse wastes.
Meanwhile, the project would receive a total of USD 358,000 loan under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) scheme. It would be prudent to mention that the program aims to transfer climate change adaptation and mitigation technologies to European nations and was unveiled in February 2016 in Ukraine.
The program would apparently support MHP in enhancing its biogas production technology and in all likelihood, assist the Ukrainian producer to boost its efforts in implementing its long-term goal to attain self-sufficiency in terms of energy, develop green energy capabilities, and lower its overall carbon footprint by efficiently managing waste. The new facility, once operational, is slated to reduce the firm’s greenhouse gas emissions by 90,000 tons of CO2 equivalent each year, which would further fortify MHP’s presence in Europe biogas market.