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Home / Bioethanol / News Irish company ready to invest $345 million in two bio-fuel plants in BelarusBelaPAN Minsk, 31 March. Irish-based Greenfield Project Management Limited announced plans to invest a total of $345 million in two facilities that will make bio-ethanol fuel in Belarus.It said in a statement that that the construction might start as early as the third or fourth quarter of this year and take between 18 and 24 months. It said that work was under way to prepare design and estimates papers. Around €65 million has already been allocated for the project, according to the company. Experts of Swedish-based Scandinavian Energy Project AB will reportedly advise on what crops the facilities should use. Mikalay Havrylyuk, chief of the business development department at the Belbiyafarm association of pharmaceutical manufacturers, did not confirm the report. He told BelaPAN that the chief executive of the Irish company had visited Minsk the previous week to discuss the project but no deal had been reached. «We did not get anything specific from him,“ Mr. Havrylyuk said. The company is expected to prepare a letter to the government in which it will clarify things.»This past December, the Belarusian government and the Irish company signed a framework agreement on bio-ethanol fuel production, the project included in the Belarusian government's investment program.The project envisages the modernization of two government-owned plants, the Ethanol Mazyr Integrated Plant and the Babruysk Hydrolysis Plant in the Mahilyow region. They would produce a total of 650 million liters of bio-ethanol fuel a year. Grain and beet crops are considered for the fuel. By Natallya Karotkaya, BelaPAN
Date: 01.04.2008 Leave your comment
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