The American Company Ukraine Agro Valley Association (UAVA) intends to build 5 plants for biomass densification and pellet production, which will enable the buildings to be heated by means of alternative energy sources, Joinfo.ua reports referring to the press service of the company.
The Vice-president of the National Academy of Agrarian Sciences of Ukraine and concurrently the chief researcher at UAVA reported that the total cost of the project is $ 100 million.
“This joint Ukrainian-American endeavor aims to create a permanent source of biomass and bio fuels in Ukraine to help overcome Ukraine’s dependence on natural gas from Russia,” the report says.
It is noted that according to the overall strategy, in the next five years, the American company wants to build 20 facilities throughout Ukraine and to bring their total processing capacity up to two million tons of energy-rich products per year in order to be able to heat public and private buildings in the region.
“This project is based on the best Ukrainian agricultural developments that will be combined with the American practice of adaptive management. Each of our plants will be an autonomous center of revenues and expenditures, and will compete with our other plants,” said the CEO of UAVA Rod Robertson.