A new oil-extraction factory and two elevators will be built in Kostanay region

According to Svetlana Boyko, who is a representative of Eurasian Foods Corporation, the main reason for the slow development of oil processing in Kostanay is due to the insufficient number of elevators. Such a statement was made during the “Kostanay-Invest 2017” forum.

The average productivity of the new plant will be 310,000 tons of sunflower a year. In addition, the amount of money that is required to implement the project is $ 100 million, and the terms for the first and second stages to be completed are 2018-2020 and 2023 respectively.

The main product of the factory is sunflower oil, and it is also planned to produce oil from rape and meal.

According to Svetlana Boyko, up to 80% of the produced oil is intended for further processing and for the domestic market, while oil from flax and rapeseed will be exported. When the factory is ready, it is planned to make a profit of $ 120 million per year.

According to the calculations of analysts, Kostanay region has a great potential in the cultivation of oil crops, as natural and climatic conditions are favorable. The acreage for sunflower can be 460 thousand hectares and for rapeseed – 130 thousand hectares.

Taking into accountant small storing capacity for oilseeds, Eurasian Foods Corporation plans to build two new elevators.

Construction of a new oil extraction plant and two grain elevators is starting in the Kostanay region of Kazakhstan. The enterprises will contribute to an increase in the processing of sunflower and rapeseed raw materials, as well as provide comfortable conditions for the storage and marketing of grain.

The oil extraction plant will be equipped with the latest equipment and will be able to process more than 500 tons of sunflower and rapeseed raw materials per day. The plant will contribute to the development of the local economy, the creation of new jobs and an increase in tax revenues to the region’s budget.

In addition, two new grain elevators will provide convenient and safe storage of grain up to 200,000 tons, which will improve product quality and simplify its transportation.

The implementation of these projects will allow the Kostanay region to strengthen its position in the agricultural sector, improve the standard of living of the population and ensure the sustainable development of the region’s economy.