Russky Biougol to invest US$ 180 million in construction of 9 wood pellets plants in Russia

Russky Biougol, a large Russian company with diversified activities in the field of forestry, is considering building up to nine plants for the production of pellets in the Moscow region. Total capacity of the plants is expected to be 630,000 tons of wood pellets per year, with the annual volume of processed waste about 2 million m³. Future production of the plants will be supplied to the EU power plants and the domestic market.According to Russky Biougol, the comany has already signed an agreement with Vnesheconombank and the Government of Moscow for the implementation of the project. Total cost of the project is estimated at more than US$180 million, while the majority of funds for the project are expected to be provided by Vnesheconombank, one of the largest Russian banks.The implementation of the project will be part of the earlier announced massive plans of Russky Biougol to build up to 52 pellets plants in different regions of Russia, which will have the total capacity of 10 million tons of pellets a year.

Eugene Gerden

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