Strategic Priorities for the Use of Biomass in the Energy Supply System of Ukraine

Abstract The economic feasibility of the use of agricultural biomass in the energy supply system of Ukraine is investigated in the article. It has been determined that biomass of agricultural origin (cereal straw and rapeseed, by-products of corn for grain and sunflower, sunflower husk) remains the main component of biomass energy potential in Ukraine. It is established that the bioenergy potential of agricultural biomass is an efficient and affordable additional source of energy supply for Ukraine. According to the research, the potential of the bioenergy market was attributed to the great potential of biomass, the large stock of unused land that could be used for growing energy crops from the marketing side, it is also important to note the low competition in the industry. However, imperfect state policy on bioenergy development, outdated equipment, uncoordinated rules for selling electricity from biomass in the electricity market – all this suggests that the industry needs increased investment, borrowing experience from European countries for further development. It is proved that the political and economic situation in the country remains very difficult and unpredictable not only for the bioenergy industry, but for the country as a whole.