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The key driver of the Project is demand on the EU market for sustainable, bio-energy resources in general, and particularly for biomass pellets backed by a vast source of raw material in Western Ukraine
Description of the Project:
The owner and initiator of the Project is the Cyprus based company S.I.V. Holding Ltd. The Project developers consist of leading Ukrainian, US, and Canadian specialists in the bio-energy sector
The Project stipulates the construction and operation of 40 biomass pellet production lines by the end of 2014
A special purpose entity; ‘Eko-Bio Top’, has already built one production plant in Ukraine, with capacity of the plant amounting to 13,000 metric tonnes of pellets per annum.
The immediate objective is to build plants at nine other sites within the same region in order to consolidate the business and establish strong relationships with local sawmills, as reliable partners in supplying their waste products for pellet production.
Eventually, with a well established brand, SIV will move into processing agricultural residues for pellet production for industrial power plant use.