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Russia’s Largest Biofuel Plant to Be Built in Ivanovo Region

Russian Financial Control Monitor

IVANOVO. The Ivanovo-BioToplivo limited liability company has decided to build a biofuel plant in Teikovo, in the Ivanovo Region (central European Russia).

The plant worth RUR5bn ($198.33mn, or €136.65mn) is to be built within two years. The main investor is the Moscow-headquartered Konti Group specialising in housing construction using modern technologies.

Date:  08.09.2008

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