Dniprovs'kyi Ptahocombinat, a Ukrainian poultry company and oilseed crusher, hopes to improve both its environmental performance and its financial performance with the construction of a new biomass boiler.

The company has secured a US$5 million loan from European Bank for Reconstruction and Development (EBRD) to finance the project, according to a press release from EBRD.

The new biomass boiler will use poultry manure from the company’s farms and help optimize its energy-supply mix as well as reduce its operating costs.

The 12-metric-ton-per-hour, steam-based biomass boiler will offer Dniprovs'kyi a strong technical solution for its needs. The facility will reduce water consumption by 60 percent and will also achieve a five-fold reduction in the consumption of natural gas. Once operational, the boiler will reduce carbon dioxide emissions by 9,300 metric tons per year.

The loan will be supported with an US$850,000 incentive grant provided through the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) program designed to transfer technology in the area of climate change mitigation and adaptation. The FINTECC program, launched in Ukraine last year, is supported by grant funding from the Global Environment Facility (GEF) and the European Union’s Neighbourhood Investment Facility (NIF).

Dniprovs'kyi Ptahocombinat, is located in the Nikopol district in the south part of the country. According to the WATTAgNet Top Poultry Companies Database, it is one of the Ukraine’s largest poultry producers with a 5 percent market share.