YEKATERINBURG, Aug 24 The Yugra Development Fund will provide financial support for the modernization of a pyrolytic tire recycling plant in the Nefteyugansk region of the Khanty-Mansiysk Autonomous Okrug, the Fund's press service reports.
It is specified that the expert council of the Yugra Development Fund approved the provision of financial support to Geos LLC under the Production program of preferential loans in the amount of 14.6 million rubles for a period of 3 years at 3% per annum.
“Today, we process up to 100 tons per year of car tires and other hydrocarbon-containing waste by pyrolysis. The new plant will allow us to increase recycling volumes up to 720 tons per year,” the company’s CEO Alexei Semenov said in the message.
The Yugra Development Fund is a state regional fund for the development of industry. Under state support programs, the fund provides preferential loans for the development of industrial and tourist infrastructure in the amount of 5 million rubles at 1 or 3% per annum for a period of 1 to 10 years, depending on the financing program.
In total, in 2022, under the current programs of preferential financial support, the Development Fund financed the implementation of 13 projects in the field of industry and tourism infrastructure for 870 million rubles.
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