Production of pellets from biomass

Project facts

Project promoter
Izgrev 2015 EOOD
Project Number:
BG04-0004
Target groups
Small and medium-sized enterprises (SME)
Status:
Completed
Initial project cost:
€302,450
Final project cost:
€240,003
From EEA Grants:
€ 122,402
The project is carried out in:
Bulgaria

Description

The aim of the project proposal is to contribute to reducing GHG and air pollutants through increased share of RES for heating. As a result of the realization of the project an installation for the production of pellets with a capacity of 1.5 tonnes per hour will be put into operation. As a result of the replacement of conventional fuels used for heat production avoidance of CO2 emissions by 20 423 tons annually will be achieved. The project payback period is 1,3 years. With the start of this activity conditions for sustainable and independent development of the enterprise will be created. Production of market attractive product will give an opportunity the profits of the enterprise to be increased and will contribute to its long-term development. Conditions for the sustainable competitiveness of the enterprise will be created by establishing of sufficient current income and added value in the long term. The project will enable the enterprise to be successful, by providing the opportunity for investments in low-carbon products, increasing energy efficiency and other measures to protect the environment. As very important result of the project will be gaining of experience in the development and management of donor projects, which is essential for achieving a maximum cost effectiveness. Improvement of management, technical and financial capacity of the company will support its sustainable development over a long period of time. The project implementation will contribute to achieving the overall objectives of BG04 to reduce GHG and increase the share of RES in energy consumption. The results are important as well as for the achievement of national objectives and those of the FM and the EU, as well as for priorities identified in the European and national strategic documents related sectors "Energy" and "Environment"

Summary of project results

The overall and specific objective has been achieved. As a result of the realization of the project an installation for the production of pellets with a capacity of 1.5 tonnes per hour was put into operation. Annual capacity for production of pellets is 10 800 metric tons. The project enabled the enterprise to be successful, by providing the opportunity for investments in low-carbon products, increasing energy efficiency and other measures to protect the environment. As very important result of the project was gaining of experience in the development and management of donor projects, which is essential for achieving a maximum cost effectiveness. Improvement of management, technical and financial capacity of the company will support its sustainable development over a long period of time.

Summary of bilateral results