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Russia to build a flax and rapeseed processing plant in Siberia, the products will be sold to China

 Last Update: 2022-04-19
 Source: Internet
 Author: User

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Russian Satellite News Agency, Moscow, March 23.
According to Kommersant, by 2025, a flax and rapeseed processing plant will be built in Novosibirsk region, and its products will be exported to China
.

The project was submitted to the Novosibirsk State Investment Committee on Tuesday with a total investment of 3.
7 billion rubles
.

Investors plan to recoup their investment within 8 years
.
According to the plan, the plant will process up to 450,000 tons of oilseeds per year, with 150,000 tons in the first stage
.
The company expects to receive raw materials from Altai Krai, Krasnoyarsk Krai, Kemerovo, Omsk and Novosibirsk regions, and its products will be exported to China
.

According to investors, two companies have pledged to prepare to buy 190,000 tons of rapeseed oil, 90,000 tons of linseed oil, 110,000 tons of rapeseed meal and 70,000 tons of flax meal each year from the new venture
.

　　Investors want to acquire 45 hectares of leased land on favorable terms without going through a tender
.
According to reports, the investor of the project is Maslov Limited Liability Company, the owner is a Russian-Chinese (joined Russian in 2008), a four-star hotel restaurant complex and an office building in Irkutsk
.

Rapeseed exports to China

　　The project was submitted to the Novosibirsk State Investment Committee on Tuesday with a total investment of 3.
7 billion rubles
.

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