Astarta is implementing the green electricity production investment project

The agro-industrial holding Astarta-Kiev has developed the project "Complex for the production of biogas, electricity and steam" which will result in the cogeneration plant with a capacity of 12 MW in Poltava Region.

This was reported in the company press release.

It is noted that the estimated cost of implementing the first phase of the project is $2 million.

The project includes the construction of cogeneration power plant for 2 MW. It is also necessary to obtain permissions for the production of electricity by "green" tariff.

In the second phase of the project, which is worth $13 million, the power plant capacity will be increased to 12 MW. According to the project, the accompanying heat power — steam — is produced in the process of co-generation, its consumer will be Globino soy processing plant.

Today, bio-energy complex uses sugar production by-products, soy processing waste products and other crop residues as raw materials. In this way the company solves the issues of the production energy efficiency and waste management.

We would like to remind that the Agro-industrial holding Astarta-Kiev was one of the pioneers in the sphere of bioenergy in Ukraine. In 2014, the company built the Bioenergetic Complex (BEC) in Globyno with a capacity of 150 thousand cubic meters of biogas per day, which forms the production cycle with the neighboring industrial enterprises of the Globino cluster — sugar and soy processing plants.

It was earlier reported that for the first 9 months of 2016 the Agricultural holding Astarta-Kiev’s net profit has almost tripled to €79 million compared to €27 million for the same period last year.