FMO to provide $25 mln loan to Ukraine’s Astarta for energy efficiency program

FMO to provide $25 mln loan to Ukraine’s Astarta for energy efficiency program

The Netherlands Development Finance Company (FMO) decided to provide a $25 million loan to agribusiness group Astarta to improve energy efficiency of the group’s sugar business, the Astarta press service reports.

“The funds will be used to build a wastewater treatment plant in Hlobynskyi industrial cluster of Astarta, consisting of sugar and soybeans processing plants, as well as a bioenergy complex. Through its capacity development program, which FMO manages on behalf of the Dutch government, FMO supported Astarta with a feasibility study of the wastewater treatment plant. Thanks to this project, the cluster will be able to reduce water consumption by 50% on average,” reads the report.

The funds will be also used to upgrade the equipment of sugar plants, which will allow them to reach a new level of productivity and energy efficiency.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "". Materials marked Advertising are published based on the advertising rights.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: