The Industry Development Fund will finance the RFP Group pellet project in the amount of 500 million rubles. The products will be exported to Japan and Korea

The Industrial Development Fund approved a loan of LLC “RFP Drevesny granuly” in the amount of 500 million rubles, reported the press service of the company RFR Group.

The project provides for the construction of a new enterprise for the production of pellets with a volume of 90 thousand tons in the city of Amursk of the Khabarovsk territory. The new facility will create 80 jobs in the region, the number of future tax revenues will be about 30 million rubles per year.

The products will be exported to Japan and Korea as biofuels for industrial consumers.

The production of pellets will go waste plants for the production of veneer and lumber in the amount of more than 500 thousand m3 per year. Also in the production will involve waste and non-timber remaining in logging.

“The company is implementing an important project for the forest industry of the Far East. The loan provided by the Industry Development Fund will allow ensuring a return on investment in a shorter period of time, will help to implement the project effectively and in a timely manner,” commented Dmitry Valtfogel, General Director of RFP Group.