EBRD backs Ukraine's green biofuels project with €60-MM loan
5/10/2024 8:30:00 AM
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €60-MM loan to Lan-Oil LLC, a company established by fuel retailer OKKO Group in Ukraine, for the construction of a greenfield biofuels project.
The project aims to produce bioethanol in line with the EU Renewable Energy Directive (RED III), supporting energy source diversification in Ukraine. Sponsored by JSC Concern Galnaftogaz, a transportation fuels distributor and part of OKKO, the initiative aligns with the country's renewable energy goals.
For the original story, visit: https://renewablesnow.com/news/ebrd-approves-eur-60m-loan-for-biofuels-project-in-ukraine-857227/
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