In Latvia, AB Akola Group has temporarily postponed the construction of a biomethane gas production plant in the Kaišiadorys district through its indirectly controlled company AB Kaišiadorių paukštynas. This investment project remains part of AB Akola Group’s long-term development plans.
AB Akola Group is currently focusing on the construction of a biofuel plant in Lukšiai, Šakiai district, which is the first project of this scale for the group. Once this project has been successfully completed, the group plans to make further investments to increase sustainability and profitability.
“The future investment in a biomethane power plant is our strategic response to three key challenges: rising energy costs in poultry farming, excess biological waste, and our responsibility to reduce our negative impact on the climate. In the future, the project will enable the processing of up to 140,000 tons of organic waste per year, generate 85 GWh of renewable energy, and reduce CO2 emissions by up to 29,000 tons per year. In terms of financial return, we estimate that the power plant will pay for itself in less than 7.5 years,” says Mažvydas Šileika, CFO and member of the Board of AB Akola Group.
Tags: AB Akola Group, biomethane, Latvia
Category: Fuels
