Sorainen Latvia has advised Estonian company Baltic Bioethanol on the construction of a production facility in the Bauska industrial park, where it will invest up to EUR 150 million.
The unit will produce second-generation bioethanol from biomass. In this particular case the raw material will be straw, and contracts have already been concluded with Latvian farmers for straw procurement. The project estimates that the total volume of straw to be acquired could amount to 300,000 tons a year. According to Sorainen, the production unit will offer jobs for around 50 qualified employees, while its added value for the Bauska region would be approximately EUR 30 million a year.
Sorainen reports that the new bioethanol production unit in Bauska will represent the most ambitious investment project in Zemgale in the past ten years and will double the amount of foreign investment in the region. Baltic Bioethanol plans to export all of the generated output and its by-products.
Sorainen Partner Lelde Laviņa and Senior Associate Ieva Andersone are working on the deal.
