📋 Tender Overview
Location: Ukraine
Project number: 54652
Business sector: Natural resources
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 60,000,000.00
Total Project Cost: EUR 110,000,000.00
Project Description
EUR 60 million senior secured loan in favour of Lan-Oil LLC (the "Company"), a limited liability company established in Ukraine. The loan will enable the Company to build the first greenfield, privately owned, biofuels project in the Ukrainian energy sector since the beginning of the war. The Project is sponsored by JSC Concern Galnaftogaz and OKKO Group, a leading distributor of transportation fuels in Ukraine.
Project Objectives
The Project will contribute to Ukraine's energy security and energy sector decarbonisation by building a domestic source of fuel supply with 70% lower GHG emissions vs traditional fuel. The biofuel produced as a result of the Project is expected to be compliant with the EU Renewable Energy Directive (RED III).
Transition Impact
ETI score: 70
Inclusive: The Project will support the Company and OKKO Group in addressing critical human capital challenges affecting its operations through new initiatives promoting professional reintegration and access to services for war veterans alongside new training opportunities for women workers entering traditionally male-dominated roles within the Group's logistics operations.
Green: The Project will support the diversification of energy sources in Ukraine, namely production of renewable fuels of biological origin (bioethanol).
