The “Russian Pellet” Ltd from Yoshkar-Ola received a credit from Sberbank Russia for the biofuel project

The credit for 202 800 000 Rubles was given by Volgo-Vytsky Sberbank of Russia for 7 years. All funds will be invested in the wood pellet production line.

The “Russian Pellet” Ltd was created specially for the realization of the biofuel project. The new pellet plant in Povolhzey will have a capacity of 32 400 tons of pellets per month. All produced pellets will be exported to Europe. As soon as the internal Russian market is ready to consume pellets the new company starts selling inside country as well.