Finnish food co Apetit secures enviro nod for EUR-5.2m bioenergy project

Finnish food company Apetit Plc (HEL:APETIT) has decided to proceed with the construction of a EUR-5.2-million (USD 5.8m) bioenergy plant in Kirkkonummi, having received an environmental permit for the project.

The food producer, which specialises in vegetables, announced plans to build the facility a year ago, when it said it had received a favourable decision with regard to securing investment aid from the state.

At the time, Apetit calculated the project investment cost at EUR 3.7 million, with up to EUR 350,000 in state backing. Now, the support has been increased to EUR 490,000 to reflect the adjusted costs of the project.

The company has signed an agreement on the implementation of the scheme and hopes to have the plant up and running in October 2020. It will be co-located with the rapeseed oil milling plant in Kirkkonummi.

(EUR 1.0 = USD 1.110)

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