€60 million loan granted for Ukraine biofuels project

The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €60 million 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.