HLOBYNE (POLTAVA Region.). July 5 (Interfax-Ukraine) – Astarta is considering the possibility of building a bioethanol plant in Hlobyne (Poltava region), company COO Zeljko Erceg has told reporters.
“This is a serious project. It perfectly fits the existing technological chain,” he said.
According to Erceg, the project cost could reach $45-50 million, while design capacity will be 100,000 tonnes of processed molasses per year.
He said the construction of the plant could take about two years, the technological feasibility of the project was made by specialists of the International Finance Corporation.
Astarta is a vertically integrated agro-industrial holding, uniting six regional divisions in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, and Kharkiv regions. They include nine sugar factories, agricultural farms with a land bank of about 250,000 hectares and dairy farms. The holding also has a plant for processing soybeans in Poltava region (Globyno processing plant).
