Russian Environmental Operator (REO) has signed an agreement on the supply of MSW for use as an alternative fuel at the plants of the EUROCEMENT group holding. It is estimated that the volume of MSW production will be about 1 million tons per year. The volume of investments in the project is estimated at RUB 2 billion.
Tochka Center group of companies intends to invest in the implementation of this project.
According to the managing director of Tochka Center, investments in the project may exceed RUB 2 billion. This will be its own and borrowed funds, which will be used for a technological audit, equipment for fuel production and equipment for the fuel supply system for cement plants, as well as for employee training.
It is planned to launch the project by the end of 2021, and produce over 1 million tons of MSW by 2024, depending on the plant’s demand. REO is also considering the possibility of purchasing raw materials from regional operators.
Recently, shares of Akhangarancement, part of EUROCEMENT group, were put up for sale at an open auction of the republican stock exchange (RSE) Toshkent.
In October 2020, from the quarterly report of Sberbank, a state-owned Russian banking and financial services company, it came to light that the company is looking for investors to subsequently sell their shares in EUROCEMENT group. Sberbank, in agreement with the previous beneficiary, has consolidated 100 % of the shares of the parent company of this group — GFI Investment Limited. As of September 30, 2020, the assets of EUROCEMENT group amounted to RUB 79.2 billion.
In February 2021, Sberbank put up 100 % of EUROCEMENT group (including its debt obligations of about RUB 70 billion) for auction.
EUROCEMENT group is an international industrial holding, a leader in the production of building materials in Russia. EUROCEMENT group is one of the largest private world cement companies, uniting 19 cement plants in Russia and abroad, as well as plants for the production of concrete, reinforced concrete products, quarries for the extraction of nonmetallic materials. The design capacity of the holding's enterprises is over 60 million tons of cement and over 11 million m3 concrete. The raw materials deposit volumes are over 5.5 billion tons.
Russian Environmental Operator is a public company established by decree of the President of the Russian Federation on January 14, 2019. REO is engaged in the formation of a system for the management of municipal solid waste. The task of the company is to ensure the implementation of legislative norms in the field of MSW management in the Russian Federation.
