EBRD to Lend €60M for First Wartime Biofuels Finance in Ukraine

EBRD to Lend €60M for First Wartime Biofuels Finance in Ukraine

The European Bank for Reconstruction and Development (EBRD) is extending a €60 million loan to Ukrainian limited liability company Lan-Oil LLC, in its first financing for the construction of a greenfield and privately owned biofuels project in Ukraine since Russia began its full-scale war on the country more than two years ago.