News

EBRD Invests in Energy Efficient Technology in Ukraine

EBRD20 June 2011: The European Bank for Reconstruction and Development (EBRD) has granted a EUR 85 million loan to Air Liquide Ukraine LLC (ALU) to finance the development, construction and operation of a new Air Separation Unit (ASU) at Yenakievo Iron and Steel Works (EMZ) in South-East Ukraine.

With EBRD funding, ALU will employ a high-pressure oxygen production technology, bringing significant improvements in energy efficiency and reducing greenhouse gas (GHG) emissions. The project will also improve staff health and safety standards. The Air Liquide ASU will provide industrial gases to EMZ, as well as to other industries in Ukraine. [EBRD Press Release]