Business news from Ukraine

AGROSPETSSERVIS MULLING CONSTRUCTION OF BIOGAS PLANT IN KIROVOHRAD REGION

24 November , 2016  

KYIV. Nov 24 (Interfax-Ukraine) – Agrospetsservis (Kirovohrad region) plans to begin the construction of a biogas plant 3-5 km far from its sugar factory.

“We are working on a biogas plant project now not to throw sugar beet pulp away but use it for biogas production,” group founder and director Serhiy Tarasov told reporters during the Agricultural Olympus 2016 international congress in Kyiv.

According to him, the company is currently conducting technological expertise to build the plant.

He said in the 2016/2017 marketing year (MY, September-August) Agrospetsservis will produce about 40,000 tonnes of sugar, of which 50% will be exported due to favorable world prices for sugar.

Agrospetsservis in the 2016/2017 MY will invest about $1-1.5 million in the modernization of its sugar refinery.

Agrospetsservis group of companies is engaged in cultivation of grains, oilseeds and sugar beets in Kirovohrad region. Its land bank is 41,000 ha.