Ukrainian companies across various sectors are increasingly investing in green energy solutions. Notably, Kernel’s Poltava oil extraction plant has made a significant move by transitioning to biomass energy sources, specifically utilizing sunflower husks. This shift, certified by the Bureau Veritas Group, marks the first instance in Ukraine’s food sector where a plant adopts such renewable energy sources.
The biomass energy will fully power the Poltava plant, allowing it to reduce its dependence on fossil fuels. This transition is expected to lower greenhouse gas emissions by over 11,000 tons annually. Furthermore, generating electricity from biomass ensures continuous production at the facility.
In addition to this commitment to sustainability, the Poltava plant has joined the Science Based Targets Initiative (SBTi), further solidifying its role in promoting renewable energy in Ukraine. The plant’s capacity allows for the processing of up to 430,000 tons of sunflower seeds each year, and it will also contribute excess green energy back to Ukraine’s energy grid.
Meanwhile, Cypriot FTD Investments LTD is set to acquire stakes in Bolohyvsky Solar Park-1 and Bolohyvsky Solar Park-2, which manage solar power plants located in the Zhytomyr region. The ultimate beneficiaries of this investment are Ukrainian entrepreneurs who co-founded Foxtrot, one of the largest electronics retailers in the country.
These developments reflect a growing trend among Ukrainian enterprises to seek sustainable energy options, highlighting a shift towards renewable energy that aims to benefit both the environment and the economy.
