Russia. Amursk oil extraction plant: RUB 400 mln of additional credit funds for construction

13.09.2016

VTB Bank is going to grant Amuragrocenter ltd (Amursk region) a credit line for RUB 400 mln for construction of soybean oil extraction plant on the territory of advanced development of Belogorsk. First funds from the bank were granted for this project in July 2015. Total sum of project is RUB 5.8 bln.

Project capacity during the development of second and the third lines was increased to 240 KMT per year, which required additional investments.

Launch of the first line of the plant is expected at the end of 2017, when the sections producing refined deodorized oil, feed and food meal will start to work. As we mentioned before, the plant will be the first producer of soybean isolate in Russia.

More information on cruishing industry projects in Russia is available to subscribers for weekly market report "Black Sea Vegoils & CIS" by UkrAgroConsult.

 

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