TEHRAN, Iran, Aug.5
Trend:
Iran's first bio refinery is expected to produce bioethanol that will reduce import by $65 million, said the acting manager of the Industrial Development & Renovation Organization of Iran (IDRO).
"It is expected that Zagros Green Fuel Development Company in Kermanshah Province will produce bioethanol to reduce air pollution and replace chemical fuels including gasoline," said Amir Bayat, Trend reports citing SHANA.
"The bio refinery will also produce 66,000 tons of dried distillers grains with soluble (DDGS) as the byproduct that is currently being imported for livestock feed," Bayat said. "About $140 million has been invested to launch and complete the project that will create jobs for more than 200 people."
"The Industrial Development & Renovation Organization of Iran (IDRO) will supply 70 percent of equipment to the refinery," he noted.
"The Plan and Budget Organization, Mellat and Tejarat banks will also play serious role in financing the refinery by assigning a credit," Bayat said.
"Zagros Green Fuel Development Company is expected to be commissioned by 2021," he added.