The investor, an experienced entrepreneur doing business in countries of the former Soviet Union, among them Russia and Ukraine, realized that there is a big demand in Ukraine for the treatment of oil sludge.
Together with experts in this field, he developed a project for oil sludge treatment for the purpose of soil remediation, recuperation of the oil and cleaning tanks. The first project has been carried out in the refinery of Lisichansk.
The loan from the SECO Start-up Fund was used to purchase equipment.
It was planned to create 23 jobs in Ukraine
however the project had to be abandoned due to the war