Ireland-based Greenfield Project Management has entered into an agreement to sell its ethanol output to LUKoil's trading and supply company Litasco.
Greenfield's first bioenergy complex in Belarus will initially produce 150,000 metric tonnes of ethanol a year, rising to 450,000 tonnes as phases 2 and 3 are completed. Litasco intends to blend Greenfield's ethanol with LUKoil's petrol to supply E5, E10, E85 and other petrol/ethanol blends (E Blends) as required by the EU Directives.
LUKoil is Russia's largest oil company in Russia with over 10 trillion barrels in proven reserves. Litasco (LUKoil International Trading and Supply Company) is its exclusive international marketing and trading company trading crude oil and refined petroleum products, handling physical volumes of more than 2 million barrels per day.
The bioenergy complex will be located at Mozyr, producing over 570 million litres of ethanol a year and biogas and electricity. This project and future projects will be strongly carbon-saving and will make a substantial contribution to reducing greenhouse gases.
Greenfield plans, in conjunction with the Government of Belarus and international organisations such as the UNDP, to extend production of biofuels and to use the cultivation of biomass for biofuels as a means to speed up decontamination of the lands affected by radioactive fallout from the Chernobyl nuclear explosion in 1986.