In Berlin, on November 5, 2025, during the event Ukraine Reimagined: Investing in Renewables and Storage, held as part of the 16th European-Ukrainian Energy Day and organized by the European-Ukrainian Energy Agency in cooperation with the Secretariat of the German-Ukrainian Energy Partnership, a Mandate Letter was signed between the European Bank for Reconstruction and Development (EBRD), ReAgro, and the Globino Group.
The document grants the EBRD a mandate as mandated lead arranger to conduct full financial, technical, and environmental & social due diligence and to prepare the structure of long-term project financing, subject to satisfactory results and the Bank’s internal approvals.
The signing marks an important milestone in the development of two biomethane projects in Poltava region – the Globyno and Novoselivka plants, with a combined capacity of around 10 million m³ of biomethane per year (≈ 100 GWh). Both projects have already received support under The Innovate Ukraine Programme, funded by UK International Development.
The signing of the Mandate Letter is a significant signal for the entire sector: Ukrainian biomethane projects are demonstrating compliance with international project finance standards and the ability to attract institutional lenders.
The signing of the Mandate Letter sent an important signal to the entire industry: Ukrainian biomethane projects now have the opportunity to meet international project finance standards and attract institutional lenders.
The Globyne Biomethane Plant (GBP) will process more than 200 000 tonnes of livestock waste per year, producing biomethane, green electricity, and digestate for use as organic fertilizer. The project investment is approximately €15 million, with an annual output of 4–5 million m³ (≈ 45–50 GWh). Construction is planned to start in the second half of 2026.
The Novoselivka Biomethane Plant (NBP) will be the largest facility in ReAgro’s portfolio, processing over 400 000 tonnes of agricultural waste per year from several farms in the region. Its expected output is up to 6 million m³ (≈ 60 GWh) of biomethane annually. The project investment is around €23 million, and construction is scheduled to begin in the second half of 2027.
Oleksii Mushak, Founder and CEO of ReAgro:
“Launching cooperation with the EBRD is an important step for Ukraine’s biomethane industry. It enables us to unlock the potential of the Ukrainian biomethane market, which has unique starting advantages – large volumes of agricultural feedstock, a well-developed gas infrastructure and Europe’s clear need to replace fossil fuels with sustainable energy sources gradually.”
Roman Parkhomenko, Co-Shareholder of the Globino Group:
“Our production sites, stable feedstock base and circular use of digestate form the foundation for scaling biomethane production. Cooperation with the EBRD and ReAgro allows us to implement this quickly and systematically.”
Anastasiia Vereshchynska, CEO of the EUEA, emphasized:
“The collaboration between businesses, financial institutions, and the state opens up real investment opportunities for Ukrainian energy. Biomethane is already becoming an integral part of Ukraine’s future energy system, which is being developed according to international standards. We are pleased that the EUEA is creating a platform for such initiatives.”
Following the launch of the Globyne and Novoselivka plants, ReAgro plans to build at least one new biomethane plant each year starting from 2028, adding approximately 50 GWh of green gas annually.
