US company invests in Serbia refinery
Based in Adamsville, Ohio, US firm Farmers’ Ethanol is planning an investment of $135 million (€100 million) to build a bioethanol refinery in Smederevo, Serbia.
Farmers’ Ethanol spokesperson Maja Fragner explains that the plant would create 200 factory jobs, while another 5,000 will be employed to grow the raw materials needed for the biofuel refinery.
‘Farmers’ Ethanol representatives and the local self-government in Smederevo signed a letter of intention for the project’s realisation, and are preparing a memorandum,’ Fragner added.
The company expanded to Serbia four years ago.
Farmers’ Ethanol spokesperson Maja Fragner explains that the plant would create 200 factory jobs, while another 5,000 will be employed to grow the raw materials needed for the biofuel refinery.
‘Farmers’ Ethanol representatives and the local self-government in Smederevo signed a letter of intention for the project’s realisation, and are preparing a memorandum,’ Fragner added.
The company expanded to Serbia four years ago.
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