According to the IFC, the project is to re-engage with MHP SE and its subsidiaries by providing up to US$30 million loan to Vynnytska Ptakhofabryka LLC, a subsidiary of MHP SE in Ukraine, to finance the upgrade and capacity expansion of an agricultural-waste-to-energy plant. The Company already operates two biogas plants to convert manure from its farms into green energy. As part of its decarbonization strategy, MHP plans to increase biomethane production in Ukraine by upgrading and expanding the capacity of its biogas plants in several stages. The first stage to be financed under the Project will serve to demonstrate the viability of liquified biomethane production.
As part of the Ukraine Agri Resilience Upstream Project (ID 607918), IFC provided technical and financial expertise to MHP on developing business plans for the waste-to-energy investment program.
As stated by the IFC, the total Project cost is estimated at US$52 million. The proposed IFC investment is up to US$30 million unsecured A Loan. MHP will finance the rest of the Project cost with its own funds.
As stated by the IFC, established in 1998, MHP is a leading international food and agrotech group, and the largest producer of poultry, culinary, and processed meat products in Ukraine. MHP is listed on the London Stock Exchange since 2008. Mr. Yuriy Kosyuk is the founder, CEO, and controlling shareholder of MHP.
As stated on the company's website, Vinnytsia Poultry Farm LLC was founded in 2011, and the following year the first breeding of birds in poultry houses was implemented.
The company owns both breeding and processing facilities in the Vinnytsia region, Ukraine.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - MHP SE:
Anastasiya Sobotyuk - IR Director
Address: Nicolaides Sea View City Block AB, 3-7 Archbishop Makarios III Avenue, 6017 Larnaca, Cyprus
Website: www.mhp.com.ua/en/glorytoUkraine / https://mhp.com.ua/en/tov-vinnicka-ptahofabrika-prat-mhp
Local access of project documentation: PrJSC "MHP", 158, Ak. Zabolotnogo Str, Kyiv, Ukraine, 03143
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