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Saturday, 27.04.2024, 07:19
Nuta wants to build used oils recycling facility in western Lithuania
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Nuta, a company
owned by Salman Ali, a foreign
investor, has recently filed an application under the Regio Invest LT+
instrument for the construction of a facility that would produce base oils,
vacuum gas oil and fuel oil by refining waste oils.
The company is seeking 1.5 mln euros in funding for the
project, which is estimated to cost 3.8 mln euros in total. The facility would
be built in Kretinga, in the western part of the country.
NAPC, the oils
recycling company that was expected to start operating in Jonava, in central
Lithuania, back in 2011, has only just escaped bankruptcy, changed its
shareholders and is currently working out a project to reconstruct the facility.
According to figures from the Association of Manufacturers
and Importers, only up to 3,000 tons out of 25,000-30,000 tons of oils that are
supplied to the Lithuanian market annually are recycled.
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