It is reported that MHP the largest Ukrainian poultry producer plans to invest USD 130 million in an energy program in the next five years, Interfax reported on September 21. The company intends to implement around 10 projects as part of the program, including constructing several biogas production complexes, solar energy stations and waste recycling plants.
The first project a biogas production complex in the Dnipropetrovsk region will be completed within a year and will cost around USD 13 million. The estimated payback period is 3.5 to 4 years. The complex capacity will total 11 mcm per year or 3 MW of electricity and 3.5 Mw of thermal energy which will be enough to cover the needs of the company poultry farm located in the region. Similar projects will be implemented on the company's other assets in Crimea, Vinnytsia and Myronivka.
Upon the program's completion, MHP will be able to produce 220 mcm of biogas per year and convert it into 55 Mw of electricity and 60 Mw of thermal energy. Additionally, MHP will launch production of organic fertilizers with a total capacity of 500,000 tonnes per year.