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You're reading: Biofuel market’s huge potential hostage of state policy, corruption
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Unfavorable and often changing legislation, as well as corruption, has caused both domestic and foreign investors to put off big projects.

“It’s ridiculous that in an agrarian country with huge resources of biomass, everything is being done to prevent the development of this resource,” said Georgy Geletukha, chairman of the Bioenergy Association of Ukraine.

Fifteen percent of Ukraine’s territory is covered by forest, and 42 million hectares are designated as agricultural land, making biomass the most promising alternative energy source after small hydro, experts say. 

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