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21 June, Monday

Ufa   °

Plant for hemp oil production will be built in Bashkiria

Economy/Business

Deputy General Director of Bashhemp-Agro LLC Eduard Ramazanov at a regular meeting of the "Investment Hour" session, spoke about the company's intention to build a plant to produce hemp oil, seeds, and other environmentally friendly products in the Kushnarenkovsky region — more than 50 items in total.

The investor is actively growing industrial hemp today. The company has also already started construction works, erected production and storage facilities, built a road and a power line.

Eduard Ramazanov noted that the total investment in the project would amount to 200.5 million rubles. 75 new jobs will be created. The project is planned to be implemented in 2022.

The "Investment Hour" participants approved the project. As a support measure, the investor will be assisted in leasing agricultural land for growing oilseeds.

/translated by Tatiana Aksyutina
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