Tymoshenko gets bird’s eye view of new sun oil plant
UNIAN

Tymoshenko gets bird’s eye view of new sun oil plant

July 09 at 19:42
Creativ Group’s new factory will no longer consume Russian natural gas, burning seed husks instead

Prime Minister Yulia Tymoshenko (center) on July 3 visited this new factory in Kirovohrad Oblast, which produces cooking and food oils from sunflower and other oil-based crops. The factory was built by Creativ Group, one of Ukraine’s largest vegetable oil producers. Sunflower oil production is big business. The country ranks as one of the world’s top three suppliers, along with Argentina and neighboring Russia. Investment bank Dragon Capital said Creativ Group pumped $42 million into the new, energy-efficient factory. The plant will use seed husk as a fuel to replace natural gas. Creativ plans to generate $75 million in revenues from the new plant in 2009.