The Government of Belarus started investing in a modern center for grain processing, near the capital city of Minsk. Construction of the state-of-the-art complex is underway, which designed to produce several types of amino acids and up to 1 million tonnes of animal feed per year. Estimates show the centre will be able to process 250,000 tonnes of grain per year (mostly wheat).
Even though the overall investment of 733 million USD might seem high, the projected yearly revenue is almost 10 times that, at 7 billion USD. The Export-Import Bank of China has already provided most of the money (648 million USD) by means of a loan, while the remaining sum will be shared by investors.
The new grains complex will be built in the Minsk Oblast, which is the name given to the region surrounding the country’s capital city. This is a big step for Belarus, considering the country already exports around 5 billion USD-worth of agricultural products every year.
The project is a joint venture between the Belarus Government and CITIC Group, a Chinese company, and it will be operated by the state-owned Belarusian National Biotechnology Corporation (BNBC).
‘The production complex will consist of 14 plants and there is potential of further increase (of the production capacities). It will be built in three stages. In 2019, we plan to launch a silo while building three large-capacity feed mills. In the first quarter of 2020, these mills are slated to manufacture the first products. Simultaneously, we will be building grain crushing capacities and plants for production of essential amino acids. The entire complex is scheduled to be put into operation in 2021’, according to the deputy Prime Minister of Belarus, Mikhail Rusyi.
The giant-build project will take up 160 hectares, plus 300,000 more to grow wheat, triticale and some other raw materials.