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Country report
Mar 2025
Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Taking stock of the effect of war
Highlights The assets of many hydrogen users have been destroyed since Russia's full-scale invasion of Ukraine in February 2022, causing demand to plunge by 80%. Ukraine’s only operational refinery was severely damaged in 2022. Steel output has dropped by nearly two-thirds due to damage, occupation, logistical costs and electricity scarcity. Nevertheless, there is potential for future hydrogen demand in export-oriented sectors; prior to Russia’s invasion, 40% of Ukraine’s fertiliser output, 46% of its agricultural output and 67% of steel were exported.Power generation capacity has plummeted since Russia’s invasion. Nearly 80% of…
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Contributor
Konstantinos Dimopoulos
Associate in the Climate Strategy and Delivery unit at the European Bank for Reconstruction and Development (EBRD). Mr. Konstantinos Dimopoulos is an Associate in the Climate Strategy and Delivery unit at the European Bank for Reconstruction and Development (EBRD). He is responsible for advancing sustainable investments in the Green Buildings and Information and Communication Technology sectors across the Bank’s countries of operation. From 2013 to 2016, he worked as a Sustainable Development Consultant, assisting public sector organizations in Greece to reduce their carbon footprint and transition to sustainable growth. From 2017 to 2021, he worked in the engineering and real estate sectors in London. Mr. Dimopoulos holds a degree in Mechanical Engineering from the University of Patras and an MBA from the Athens University of Economics and Business.
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