Clariant, a world leader in specialty chemicals, will open in Podari, southern Romania, its most innovative plant where it will produce bioethanol.

The investor started the construction of the factory, which will require a total investment of EUR 140 million, out of which EUR 40 million is covered with a grant from the European Union, Hotnews.ro reported. Clariant also made a request for state aid worth RON 68.7 million (nearly EUR 15 mln) from the Romanian Government in 2016 but didn't receive it in the end.

The enterprise will employ more than 100 and will generate some 300 other jobs in horizontal industries (suppliers of logistics services). The new production unit will become operational in 2020 and 250,000 tons of straw will be processed here each year.

The location for the new plant was chosen for the large-scale cereal producers in the area and access to utilities, roads and rail transport. Supply contracts for straws are already being negotiated with the farmers in the area.

editor@romania-insider.com

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