Business
Posted:
4 years ago
Investment of EUR4 million – Biodiesel Georgia to Build New Bio Diesel Plant
Biodiesel Georgia, which launched recycling of consumed oil to produce biofuel, plans to boost output and build another comparatively stronger plant.
"We have an interesting plan. The pilot project that we have launched for the initial phase implied to expand investment portfolio, boost output and carry out technological re-equipment.
At this stage, feasibility studies are underway to determine in which cities to build the new plant and what capacity to take for orientation”, Biodiesel Georgia director general Murman Pataraia noted.
The final details will be unveiled at the beginning of 2021. As for financial aspects, the project’s investment value is EUR 4 million. “Our objective is to employ more people after the inauguration of the new plant”, Murman Pataraia said.
Biodiesel Georgia has invested $1 million in the new plant project implementation. At this stage, the company employs 40 persons. The company has produced biofuel of around 0.5 liters for 2 years. The plant’s capacity enables to recycle 200 tons of biofuel.