Oil extraction plant of the American Cargill company in the Volgograd region of Russia reached an agreement on the supply of its products to Azerbaijan.
In addition to Azerbaijan, agreements have been reached with Belarus, the countries of the Middle East, Scandinavia and Africa. The opening of the plant took place today in the Novoanninsky town of Russia’s Volgograd region.
“We will support the implementation of such projects. In 2024, agricultural exports should reach $ 45 billion. We are pinning great hopes on Cargill as well. It is gratifying that this enterprise has opened today in a rural area that will provide new jobs,” the Deputy Minister of Agriculture of the Russian Federation Oksana Lut said at the opening ceremony.
The plant in Novoanninsky worked in the technological mode for a year, all operational licenses were obtained this spring, and now the company has switched to full capacity, the company explained to TASS.
The volume of investments in the creation of the plant is about $ 250 million, the company stated. The enterprise will be able to process up to 640,000 tons of sunflower seeds per year, producing 280,000 tons of sunflower oil and 260,000 tons of sunflower oilseed extraction cake (a by-product of manufacture).
It is planned that the work on engineering networks in the amount of 800 million rubles will be completed in 1H2019: based on the agreement with the authorities, the investor will pay for the reconstruction of the wastewater treatment plant and the construction of a new water conduit necessary for the plant’s operation and development of the city’s infrastructure.