Monday, 29 November 2021 | News today: 0

German company starts building diesel fuel production plant in Macedonia

ilinden

A cornerstone was laid Thursday in a local economic zone located in the municipality of Ilinden near the capital Skopje marking the start of the construction of a diesel fuel production plant.

The plant worth EUR 12 million is an investment of the German company G.R.A.D Ecology, which will produce diesel fuel using catalytic depolymerization process, a technology converting waste to diesel fuel.

ilinden2

The plant set to be build in the Municipality of Ilinden will apply the same technology that is already being used in G.R.A.D Ecology plants in Germany, Spain, Switzerland, Poland, Austria, Mexico, Canada and the United States.

ilinden3

“I’m glad that we have finally started building this facility in Macedonia, which will be completed in the next 10 months and is planned to be inaugurated in mid-2017. A lot of people lent their hand helping us to implement our investment and I believe it was the right decision to come here and to invest,” said Meno Muller, representative of the G.R.A.D Ecology management.

181 investments are located in the Municipality of Ilinden in northern Macedonia, including 32 foreign direct investments such as G.R.A.D Ecology.

ilinden4

“In order to become home of such an impressive number of investments, turning the municipality into the largest investment center in Macedonia and the region, we have had the support of the government of Macedonia. The investments have prompted a local sustainable economic development and have reduced the unemployment rate in the municipality,” stated Ilinden municipal mayor Zika Stojanovski.

ilinden5

The investment boom in Ilinden municipality comes as a result of the Skopje industrial zone, the backbone of the entire business climate in Macedonia, according to VMRO-DPMNE leader Nikola Gruevski who attended the cornerstone laying ceremony.

ilinden6

“The plant built here is going to manufacture diesel from waste oil from other factories across Macedonia,” he told reporters.

ilinden7

Until now, Gruevski added, Macedonian companies were obligated to sell waste oil in Vienna in order to protect the environment, which was an additional cost for them.

The new plant will process nearly 9,000 tons of waste oil annually.