Page 82 - UKRRptApr24

Four total biomethane projects will appear in the Khmelnytskyi (three) and Rivne (one) regions with a total capacity of 20 million cubic meters per year. €7.6M has been invested in the first project in the Khmelnytskyi region.
● Hals Agro has already launched six biogas plants in the Kyiv and Chernihiv regions. Their current investment in biogas facilities is €33M, with another €5M invested in biomethane facilities.
The European environmental tax CBAM in 2026 will cost Ukrainian producers millions if changes are not made quickly. But Ukraine has a chance to delay its introduction if it takes urgent measures.
While the EU promises to fund Ukraine's war effort for however long it lasts, it is also pushing ahead with a new law that, in its current form, could devastate Ukraine's war-torn economy. This is a tax the EU plans to impose on a range of products. carbon-intensive imports, including iron and steel,” the publication points out.
“However, the CBAM law has a clause on force majeure - or natural disaster - for exceptional circumstances, and war and hostilities fall under this category. But Brussels has not given clear signals that it will offer Kiev an exception from the mechanism.” , says the article.
If an EU carbon tax came into force today, experts interviewed say, it would lead to a drop in exports of up to 1.4 million tonnes of pig iron, equivalent to a loss of $600 million.
Exports of semi-finished products would also fall by 1.3 million tons, which would amount to $640 million in lost revenue.
“Ukraine will be brought to its knees,” warned Jozsef Ksapo, director of technology and strategy at ArcelorMittal Krivoy Rog.
Ukraine's government has introduced a global standard for stimulating the construction of new green energy facilities. The Cabinet of Ministers approved a resolution that improves the auction model for selling green electricity. Instead of a fixed tariff, a contract-for-difference mechanism has been introduced that will allow the winners of auctions to distribute renewable energy support quotas. This is a new global standard for stimulating the construction of new renewable energy facilities. According to the resolution, the conditions for participation in auctions are simplified for RES investors. Now, the availability of a plot of land and the necessary technical conditions to connect to the network will be optional when submitting applications. Flexibility has also been added in the ability to conduct auctions with energy storage facilities on designated land plots or structures. The term of validity of the contract concluded by the auction winner with the guaranteed buyer is shortened from an inflated 20 years to an acceptable European length of 12 years.
9.1.11 Metallurgy & mining sector news
Ukrainian metallurgists plan to increase production by 15% this year. Oleksandr Kalenkov, President of the Ukrmetalurgprom association, said: "We hope that the volume of steel smelting in 2024 will not be lower than last year,
82 UKRAINE Country Report April 2024 www.intellinews.com