State support for investment projects was extended to biogas production shutterstock

State support for investment projects was extended to biogas production

Katerina Belousova

Investors will be exempted from a number of taxes and import duties

The President of Ukraine, Volodymyr Zelenskyi, signed draft law No. 8138 "On state support of investment projects with significant investments in Ukraine", which is extended to the production of biogas and biomethane.

This will make the construction of new biogas and biomethane plants more attractive to potential investors, the State Agency for Energy Efficiency and Energy Saving of Ukraine reports on Facebook.

It is noted that the effect of this document, known as the investment law, applies in particular to the production of liquefied or compressed biogas.

The message emphasized that the draft law exempts investors from a number of taxes, as well as import duty when importing new equipment and components.

"Thanks to this law, the state is taking another important step to create favorable conditions for the development of the field of biogas and biomethane production in Ukraine. The possibility of our communities becoming energy-independent and economically developed depends on the deployment of projects in these areas," said Viktor Bilko, deputy head of the State Energy Efficiency Agency.

Earlier, Ecopolitic wrote, that on August 9, The Verkhovna Rada as a whole adopted the government's draft law No. 8138, known as the Law on Investments, the effect of which will extend to the field of waste processing.

As EcoPolitic previously reported, in July the Verkhovna Rada registered draft law No. 9456 “On customs clearance of biomethane”, which is designed to unblock the export of biogas to the EU.

Related
Ukrainian electricity and biomethane to receive origin labeling
Ukrainian electricity and biomethane to receive origin labeling

Electricity consumers will know which electricity they receive: from renewable sources or from those that harm the environment

The Verkhovna Rada approved the draft law No. 9456 on the export of biomethane
The Verkhovna Rada approved the draft law No. 9456 on the export of biomethane

Biomethane production potential in Ukraine reaches 21.8 billion m3 per year

Ukrainian company receives grant for eco-modernization of distillery
Ukrainian company receives grant for eco-modernization of distillery

The company aims to reduce dependence on fossil energy sources in the production of alcoholic beverages

Green generation capacity increased to 8.7 GW in 2023. Infographic
Green generation capacity increased to 8.7 GW in 2023. Infographic

20 biogas plants did not produce energy at all, and 5 worked at 75-82% capacity