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Plant producing biofuel to be built in Southern Russia for $34m

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Plant producing biofuel to be built in Southern Russia for $34m

A project of production facility construction in the Kanev region, in Southern Russia, will be presented at Russian Investment Forum in Sochi, Kubnews reports on Monday.


The design capacity of a new enterprise will amount to 332 million cubic meters of biogas annually. According to the regional administration, the project price totals over 2 billion rubles ($34 million).

Potential investors will also be able to consider a project for modernization of an operating enterprise in the Kanev region, which produces drinking water.

Another project of the Kanev region involves construction of a concrete manufacture with a capacity of 72,000 tons per year. This project is estimated at 52 million rubles ($894,000).

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