The proposed $25 million facility is being developed by the Depsol Technologies Group of companies– an experienced, US-based supplier of chemical raw materials to the construction industry in Ukraine and the Baltic countries. The planned facility will be located in the Central Economic District of Ukraine in close proximity to the markets most affected by the wartime destruction. The new plant will produce highly energy efficient and fire-resistant polyurethane insulation material ranging from flexible insulation to rigid structural panels, which will be used for construction and insulation of residential, commercial and industrial buildings.
Given the substantial destruction of Ukraine’s existing insulation capacity and anticipated needs during the upcoming rebuilding phase, the planned initial production and distribution capacity of the Depsol facility will be 3 million sq.m. of insulation per year. The Depsol facility will have its own solar energy generation plant and will be built to the most rigorous international energy efficiency standards. Over 500 jobs will be created during construction and operation of the plant and of the adjoining distribution center.
The financing for the project is expected to be a combination of equity and European-export-credit-agency-(ECA)-backed loans. Political risk insurance is expected from the US-based government agencies.
Depsol Technologies LLC. is a chemical company focused on distribution of construction insulation materials and production inputs, as well as plastics in and oil and gas chemicals in Ukraine and the Baltic countries.
Depsol’s senior management team has more than 20 years of experience in distribution and trading of plastics and industrial chemicals throughout FSU countries. Prior to establishing Depsol Technologies, Drs. Alfred and Irene Roth founded Dipol Chemical, a major distributor for Dow, Nova, DuPont, Solvay, Clariant in the region, which in 2008 has been successfully sold to the worldwide chemical distributor Brenntag.
Rebuilding Ukraine Agency (www.rebuildingUA.com) – Rebuilding Ukraine Inc. is the US-based member-owned international rapid deployment agency, that was founded in March 2022 with the sole purpose of helping Ukraine rebuild after the Russian war.
The agency represents the US, UK, EU, Canadian and Ukrainian professionals, financing institutions and manufacturers under a unified umbrella, in order to deliver maximum impact for the rebuilding effort of Ukraine. The agency’s team of professionals has decades of experience working in Ukraine and an impressive list of successfully completed projects in Ukraine and around the world.
National Investment Council – Office of the National Investment Council is an advisory body to the President of Ukraine. It addresses Ukraine’s needs in support for the design and implementation of policy reforms and institutional capacity building, as well as investments. The National Investment Council of Ukraine was established by the Decree of the President of Ukraine N365/2016 and comprises the highest-ranking state officials. Chairman of the National Investment Council is President of Ukraine Volodymyr Zelenskyy, Secretary of the National Investment Council is Halyna Yanchenko
Members of the National Investment Council are leading international companies that have already invested in Ukraine or are planning to invest, as well as international financial organizations.
Confederation of Builders of Ukraine – formed 11 years ago, the Confederation of Builders of Ukraine is the largest specialized association, which unites more than 700 participants in the country’s markets for real estate, construction and construction material supply.
US Ukraine Business Council (USUBC) – The U.S.-Ukraine Business Council was established in October 1995 to advance U.S. companies’ trade and investment interests in Ukraine’s significant emerging market, advocate for measures to improve conditions for bilateral trade and investment, and generally promote strong, friendly bilateral ties.
For more information contact Tamara Zykova at management@rebuildingUA.com