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Description
Atlantic Way Ltd., a small Bulgarian company with nearly two decades of operation, engages in logging, wood pallet production, and the transformation of waste into high-quality pellets. The company, owned by Mr. Stefan Bashalov, has established a stable market position with a flexible approach to market demands, catering to both standard and tailor-made products. With increased production, the company faces a rise in wood waste volume, which, due to the limited capacity of the existing pellets production line, is either disposed at a landfill or stored on-site. Through this project, Atlantic Way Ltd. aims to maximize waste utilization, transforming larger wood waste into finger-joint beams and smaller residues into pellets.
The planned investment includes a production line for finger-joint beams and a new pellet production machine, aligning with the company''s long-term strategy for resource efficiency and sustainable growth. Innovation Norway acknowledges the applicant''s commitment to good business practices and Corporate Social Responsibility. This project is anticipated to enhance internal efficiency, contributing to a better working environment. The main project objective is to boost Atlantic Way Ltd.''s competitiveness, increase turnover, and apply green technologies for recycling and reusing waste materials, leading to a reduction in CO2 emissions.
The project will create an important value for the company. The main social benefits from this project are the 6 new jobs which will be created in a region with a high percentage of Roma people.