Innprombiotech JSC (Kursk) intends to build a complex for processing wheat into gluten, starch, syrup, molasses and maltodextrin with a capacity of 250,000 tons per year for RUR 10.3 billion ($ 161.3 million) by 2023. Now the company is negotiating with banks, whose funds should make up the bulk of the co-financing. The site for the project is selected, construction can begin in 2020. The company plans to sell products in Russia, as well as the CIS countries, the European Union, the Middle East and North Africa. Experts consider it logical to enter foreign markets and pay attention to the choice of 'exotic' countries for export.
The start of construction is planned in the third quarter of 2020, a plot of about 20 hectares has already been bought. The first phase of the project will be implemented in one stage. The second stage involves the construction of an innovative biotechnological complex for the biopolymers production. Kursk starch should replace a significant part of the modified starches imported into the Russian Federation, and will also be exported. Dry wheat gluten, as planned, will be shipped to the EU countries, and the rest of the products will be exported to the countries of the Middle East and North Africa.
"The differences between our project and similar ones are in a unique product line: most enterprises produce one thing, we plan to process several types of products at once. New technological solutions have already been found for this," Innprombiotekh noted. The company linked the decision to build the complex in the Kursk region with an extensive raw material base and a favorable investment climate formed in the region.
Based on soyanews.info.
