Bulgaria expat to invest in local biodiesel plant

A biodiesel plant will be built near Polski Trambesh, a city located in a major sunseed-producing region in Northern Bulgaria, the local press reported on Tuesday.The 15 mln euro project will be implemented by Zerol, a joint venture between the Polski Trambesh municipality and Sofia-registered company HR Management. The bulk of the investment financing will be provided by Koicho Belev, a Bulgaria-born emigrant living in Switzerland.The municipality will provide a 8.0 ha land plot for the construction of the plant in the village of Petko Karavelovo. The biofuel plant should be completed in 2 years and will employ 50.Investment in local biofuel installations is expected to triple from 2008, association of biofuel producers chairman Dimitar Zamfirov said recently.The existing 25 or so biodiesel and bioethanol plants operated at only a third of their capacity due to weak demand



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