Memorandum of Understanding between the Association of alternative fuels and energy market participants of Ukraine and Ukrainian Energy Exchange was signed on July 15th. The aims of Memorandum are establishment, development and legalization of the exchange biofuel market in Ukraine.

This memorandum will provide an opportunity to share information and experiences and to implement joint projects to develop domestic and export market of biofuel. Together Association of alternative fuels and energy market participants of Ukraine and UEEX will reach the creation of exchange warranty system of obligations fulfillment by biofuel market participants based on advanced international experience. Exchange biofuel trade will provide integration of Ukrainian market of biofuel towards Europe as well as joint customer base for the acceleration of trade and purchasing operations, establishment of transparent fair prices, formation of competitive environment and creating a transparent non-discriminatory trade.