The European Bank for Reconstruction and Development provided a senior loan of € 25 million ($30 million) for construction of a 10 MW biogas plant in the town of Ladyzhyn, Vinnytsia region. The loan was to PJSC “Myronivsky Hliboproduct” (MHP), a London Stock Exchange listed Ukrainian producer of poultry meat, grain and fodder. The biogas plant will utilize chicken manure and other agricultural residues from MHP’s poultry and grain operations.
By financing this project, the EBRD is helping MHP implement its long term strategy to develop “green energy” capacity, become self-sufficient energy-wise, reduce its environmental footprint and manage waste. This will be the second biogas plant for MHP and the largest biogas facility in Ukraine to date.
It is expected that once operational the biogas plant will reduce MHP GHG emissions by 90,000 tonnes of CO2 equivalent per year.
The EBRD’s FINTECC program is designed to transfer technology in the area of climate change mitigation and adaptation and was launched in Ukraine in February 2016. The three-year FINTECC program is supported by $7 million of grant funding from the GEF and a €4 million grant from the EU’s NIF.