Investment proposal for the construction of an oil extraction plant was developed in the Nizhny Novgorod Region

The Development Corporation of the Nizhny Novgorod Region has developed an investment proposal for the construction of an oil extraction plant with an elevator facility.

The investment proposal is a project with calculated parameters and selected land plots, requiring minimal preparatory work from a potential investor. In addition, an assessment of the region’s resource base and potential markets for the finished products has been carried out.

The investment proposal implies the creation of an oil extraction plant with an elevator complex in the Volodarsk TAD, which provides tax preferences for residents. It is planned that the enterprise will produce rapeseed oil and meal, which will subsequently be supplied to manufacturers in the food and processing industries for the production of snacks, semi-finished products, bakery goods, and animal feed.

The planned volume of investment in the project amounts to more than 2.7 billion rubles.

“The site for the plant in Volodarsk is provided with the necessary power supply, gas supply, water supply and sewage disposal networks. The project’s financial model can be significantly optimized through the existing state support mechanisms. Investors interested in implementing the project may qualify for financing on preferential terms, a reduction in the tax base, as well as direct reimbursement of part of the costs,” said Artur Batursky, Deputy Chairman of the Government of the Nizhny Novgorod Region.

“The creation of the oil extraction plant will be an important step in the development of the region’s food and processing industry and will help increase agricultural production. Investors planning to implement this project can count on the support of specialists from the Development Corporation at all stages of implementation – from initial consultations to the commissioning of the enterprise,” said Igor Ishchenko, Director General of the Development Corporation of the Nizhny Novgorod Region.

More details on the investment proposal for the construction of the oil extraction plant can be found on the region’s investment portal (https://nn-invest.ru/en/support/invproject/21755/). The link also provides contact details for specialists who are ready to answer any questions regarding this project.