Zarya investing $59 million in 30 million ton ethanol plant in Ukraine

In Ukraine, Zarya is investing $59 million in a 30 million metric ton per year ethanol plant along the Russian border. The facility that will use cereals including corn and rye as feedstocks is expected to come online in 2015. Only 133,000 tons of ethanol is expected to be produced this year, short of the 250,000 tons required for the E5 blend that was meant to come into force this month. As a result of the shortage, the mandate may be postponed by six months.