KYIV, June 5 - The adoption of the bill on the mandatory use of bioethanol in liquid motor fuels is an extremely important event for Ukraine, since its implementation will annually ensure the receipt of more than $1 billion in the budget and significantly influence the development of the agricultural sector, says the Chairman of the Board of Global 100 RE Ukraine, President of MHP Eco Energy Oleksandr Dombrovsky.

“This is a significant event, the cost of which, according to my calculations, is more than $1 billion a year for the Ukrainian budget. We will be able to process the corn that we don’t know at what price to export and sell for bioethanol, and add it to gasoline. Thus, the burden on imported energy resources and the use of oil will be reduced. We can create a new serious technological base and jobs in the agricultural sector, which we need to develop,” he said at a press conference on the development of distributed generation in Ukraine at the Interfax-Ukraine agency.