RDIF together with China will invest 6 billion rubles in the processing of agricultural crops

The Russian Direct Investment Fund (RDIF) and one of the largest Chinese holdings will invest more than 6 billion rubles. into the project for the construction of a plant for processing agricultural crops in the Krasnoyarsk Territory. The press service of the fund reports this.

The plant will be located in the city of Nazarov. Its construction is planned for 2025-2026. The enterprise will be equipped with modern equipment, the fund noted.

Its capacity is expected to be more than 330,000 tons of products per year, including 140,000 tons of hydrated rapeseed oil, more than 180,000 tons of rapeseed meal and 2,000 tons of rapeseed lecithin. These products are used in the food and cosmetics industries, as well as for the production of agricultural feed.

RDIF General Director Kirill Dmitriev said that the enterprise will become “the first oil extraction plant in Eastern Siberia, equipped with advanced technologies and equipment.” According to him, this will “significantly increase” the supply of products to Asian markets.

RDIF announced investments in the project together with Chinese partners ahead of Russian President Vladimir Putin’s trip to Beijing, where the Belt and Road international forum will be held from October 17 to 18. Earlier today, in an interview with the China Media Corporation, the Russian leader announced the expansion of cooperation between the Russian Federation and China in agriculture. “We know the interest of Chinese consumers not only in agricultural products, but also in supplying some products that China itself needs to produce these agricultural products on its own territory,” – noted He.