Cherkizovo to invest $ 101.5 million in oil refinery
17 October 2019
Cherkizovo, a Russia-based vertically integrated agroholding, plans to construct an oil refinery plant in the Lipetsk region of Russia in cooperation with Rosselkhozbank. The plant will produce soybean meal and oil. The worth of the project is estimated at $ 101.5 million. Daily processing capacity of the plant is expected to reach 2,500 tonnes of soybeans. The launch of the plant is planned for 2022. With this project, Cherkizovo expects to reduce its dependency on soy meal imports.