OREANDA-NEWS. A fuel pellet production complex was put into operation in Verkhnepashino, Krasnoyarsk Territory. An official ceremony marking the launch of the complex was attended by Victor Tolokonsky, Krasnoyarsk Territory Governor, and Vnesheconombank’s officials.

With its recycling capacity approximating to 200,000 cbm of sawdust p.a., the fuel pellet production will not only contribute to efficient waste recycling but also improve environmental conditions in the region.Fuel pellets are being considered for export to the European market.

The production complexisa part of a project aimed at the construction and modernisation of value-added wood product processing facilities in Sosnovoborsk and Verkhnepashino, Krasnoyarsk Territory. The project is being delivered by SiblesProjectLimited Liability Company. Apart from the fuel pellet production, the project comprises a sawmill put into operation in 2015, and a complex to manufacture goods for wooden house construction industry scheduled for commissioning in 2017.

The total project value is estimated at RUB 5.4bn with Vnesheconombank’s commitment approximating to RUB 4.3bn. VEB has been financing the project since 2012.

The project helps boost social and economic development in the region:itscurrent headcount is 178, and some 250 new jobs are to be created during the project.