Plantations International News
Egregor Biotech and Evolution Group is planning to construct a bioethanol plant in the forest-rich Komi Republic in Northern Russia.
The plant would process 400,000 tpy of unusable timber and sawmill residues into 100,000 tonnes of ethanol, according to the Komiinform news agency.
Egregor has already invested RUB15 million (€177,000) in the project, but the total required investment is expected to rise to €136 million.
The company is currently in the process of acquiring a pool of investors and considering different options on how to realise the project.
Local Komi authorities have proposed a site of 6.3ha for the construction of the plant.
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