Strategic for EU
The BGV Graphite project has been included in the list of EU strategic initiatives
The Balakhivske graphite deposit in Ukraine, currently being developed by BGV Group Management, founded by Gennadii Butkevych, has been officially recognized as part of the European Union’s strategic initiative in the field of critical raw materials. The corresponding decision was approved by the European Commission.
This project is a milestone — we’re talking about the development of one of the largest graphite deposits in the world, located in Ukraine.
BGV Graphite is the only project from Ukraine,included in the list of 194 initiatives deemed vital for the EU’s resource and technological independence.
Information about the project
On Publications Office of the EU Strategic project – Publications Office of the EU
BGV and EBRD signed documents on the start of strategic cooperation within the framework of the Ukrainian graphite project
BGV Group Management signed a Letter of Intent with the European Bank for Reconstruction and Development (EBRD) during the Ukraine Recovery Conference 2025 in Rome. This cooperation was the next important step after the inclusion of the BGV Graphite project in the list of strategic projects for the European Union, approved by the European Commission on June 4, 2025. The aim of the project is to build a mining and processing plant on the basis of the Balakhiv graphite ore deposit and build a spherical graphite (SPG) production plant for lithium-ion batteries.
The document defines a potential framework for cooperation between the European Bank for Reconstruction and Development and BGV, aimed at providing strategic support for the further development of the BGV Graphite project.
