The Russian Direct Investment Fund (RDIF), together with one of China’s largest agricultural holdings, is investing more than 6 billion rubles in the construction of a crop processing plant in the Krasnoyarsk Region. The investment project is supported by the Yenisey Siberia Development Corporation.
“Joint investments will be directed to the construction of the enterprise, which will become the first oil extraction plant in Eastern Siberia, equipped with advanced technologies and equipment, which will significantly increase the supply of agricultural products to Asian markets,” said Kirill Dmitriev, General Director of the fund.
The plant with modern equipment and a design capacity of more than 330 thousand tons of products per year will be built and launched in 2025-2026 in the city of Nazarovo. The company plans to annually produce 140 thousand tons of hydrated rapeseed oil, more than 180 thousand tons of rapeseed meal and 2 thousand tons of rapeseed lecithin. As part of the project, it is planned to create 340 new jobs.
Kirill Dmitriev also noted that the launch of the enterprise will allow developing related areas and lay the foundation for further joint investments in other projects, and the products produced by it will have a high export potential.
For reference:
RDIF makes direct investments in leading and promising Russian companies together with leading investors. The Foundation was established in 2011 on the initiative of the President and Prime Minister of the Russian Federation. In all transactions, RDIF acts as a co-investor together with the largest investors, playing the role of a catalyst in attracting direct investment to Russia. The Russian Direct Investment Fund has invested more than 2.1 trillion rubles, of which more than 200 billion rubles – the funds of the RDIF and 1.9 trillion rubles – the funds of partners.