Group DF International and Hyundai Engineering in Vienna: New Industrial Park in Ukraine

PeopleOther ♦ Published: April 15, 2024; 23:14 ♦ (Vindobona)

In an ambitious move to aid Ukraine's post-war reconstruction, Group DF International, led by controversial Ukrainian oligarch Dmytro Firtash, and Hyundai Engineering Co. Ltd., have embarked on a major venture to establish a chemical industrial park in the city of Rivne, situated in Western Ukraine. This pivotal agreement was officially sealed in Vienna, setting the stage for what is poised to be one of the most substantial investment initiatives in the region.

Handshake at the signing of a cooperation agreement with Dmytro Firtash (Chairman, Group DF International, l.) and Hyeon-Sung Hong (CEO, Hyundai Engineering Co, r.). / Picture: © GDF/OA

The project, which is aimed at sustainable chemical production, includes the construction of plants for the production of nitrogen fertilizers as well as hydrogen and ammonia based on renewable energy sources. This represents a significant step towards the ecological modernization of Ukrainian industry.

Dmytro Firtash, founder and chairman of Austria-based Group DF…