RDIF, RBPI Group (C.P. Group) and Government of Kaliningrad Region agree to construct biowaste disposal plant
St. Petersburg, 01 June, 2017 - The Russian Direct Investment Fund (RDIF), RBPI Group, a subsidiary of Thailand’s Charoen Pokphand Group (C.P. Group), and the Government of the Kaliningrad Region have agreed to jointly construct a veterinary and sanitary utilization plant in the Gvardeysky City District of the Kaliningrad Region. The agreement was signed on the sidelines of the St Petersburg International Economic Forum.
The plant will recycle agricultural waste in the Kaliningrad region and is expected to have a full design capacity of over 5,200 tonnes per year. The implementation of the project will help improve the sanitary and environmental situation in the region as well as solve issues related to biological waste utilization.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"We are pleased to complement our strategic partnership with C.P. Group with the implementation of yet another high-tech project. The construction of the plant will significantly improve the agricultural infrastructure in the region and create additional opportunities for local producers. We also appreciate the support that the Government of the Kaliningrad Region provides to investors."
Thomas Norgaard, General Director, RBPI Group, Subsidiary Company of CP Group, said:
“We are pleased to announce that, after two years of preparation of the project and close cooperation with the Russian Direct Investment Fund (RDIF) and with great support from the Government of Kaliningrad region, the three-party Memorandum of Understanding has been signed at the St Petersburg Economic Forum. The utilization plant will significantly improve ecological and biological safety of the region. The implementation of the project is planned for 2018.”
Anton Alikhanov, the head of the Kaliningrad region, said:
"The region’s special geography and small area, as well as its export focus, put veterinary requirements at the forefront of livestock farming. C.P. Group and RDIF will implement the best international practices in waste treatment, which will help facilitate further investments in the region's agriculture and positively affect the overall epizootic well-being of the region, bringing it closer to high global standards. The regional government always welcomes similar projects and will support their successful implementation."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at rdif.ru
Charoen Pokphand Group (C.P. Group) is one of Thailand’s largest private businesses and one of Asia’s leading conglomerates, with a global and diversified business across a variety of geographies, sectors and industries. From its beginnings in 1921, C.P. Group has grown into a global company with over 300,000 employees, operating in 17 countries, including China, India, Russia, Turkey and ASEAN nations and maintaining offices in 14 other countries such as the US, the UK, France, Germany, and Italy. C.P. Group’s flagship companies span agrifood, retail and telecommunications. It has invested in the agrifood sector in Russia since 2006. Further information can be found at www.cpgroupglobal.com/en/
RDIF and the CP Group Partnership was signed in June 2015 at the St Petersburg International Economic Forum. The parties agreed to seek investment opportunities and joint investments in long-term projects in the Russian Federation in sectors such as agriculture, manufacturing and distribution of food and others.
For additional information contact:
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133