"Akola group temporarily postpones construction of biomethane gas plant in Kaišiadorys
Kaysiadorys Poultry Farm, an indirectly owned subsidiary of the agricultural, food production and trading company „Akola group“, has temporarily postponed the construction of a EUR 19.4 million biomethane gas production plant in the Kaysiadorys district, the group announced on Friday.
According to Andrius Pranckevičius, deputy CEO of „Akola group“, the biomethane production project in Kaišiadorys remains one of the top priorities for the company, which is aimed at increasing its energy self-sufficiency.
„The postponement allows us to ensure that all the processes are carried out in a high-quality and efficient manner“, Pranckevičius said in a statement.
According to Mažvydas Šileika, Chief Financial Officer and member of the Board of Directors of „Akola group“, the upcoming investment in the biomethane plant is aimed at managing the rising costs of energy in poultry farming, the excess of bio-waste, as well as at reducing the negative impact on the climate.
„The project will enable the future recycling of up to 140,000 tonnes of organic waste annually, generating 85 gigawatt hours (GWh) of renewable energy and reducing carbon dioxide emissions by up to 29,000 tonnes per year. In terms of financial returns, we estimate that the plant will pay for itself in less than 7.5 years," Šileika said in a statement.
At present, most of the poultry manure that was planned to be processed at the Kaišiadorys biogas plant is being transferred to farmers by the Kaišiadorys Paukštynas, and in the future the company plans to divert some of this organic waste to another biogas plant under construction in the Lukšių biogas plant, located in the Šakiai district.
The project in Kaišiadorys has applied for European Union funds – due to the suspension, the possibility of applying for EU funding will be considered later, after a decision has been taken to resume the implementation of the project.
The plans to build a biomethane production plant in the Kaišiadorys region for €19.4 million were announced by the Kaišiadorys Paukštynas in July last year.
Earlier BNS wrote that „Akola group“ subsidiary „Linas Agro“ has completed the acquisition of „Elagro Trade“ a competitor of the Latvian grain exporter.
The Group also recently had a legal dispute with the Bank of Lithuania over irregularities in the preparation of its financial statements, which was amicably resolved.
