News

Abu Dhabi mulls funding pellet production

Published

September 24, 2015

Comments

comments icon

0

Share

Published:

September 24, 2015

Comments:

comments icon

0

Share

Factory Vektra Jakić, located in Pljevlja in Montenegro’s north, is a potential user of loans from the Abu Dhabi Fund for Development. Owner Dragan Brković said credit support would enable the launch of pellet production, completing the primary cycle in a lumber system, according to a statement by the Ministry of Agriculture and Rural Development.

“There would be 30 new jobs with the planned investment, and the increase and upgrade in production will open additional possibilities for forest exploitation’s expansion in the area of wood assortment which so far had no market valorization. With the launch of a pellet facility we will increase exports too, because there is a lot of interest for pellet in European Union countries, especially Germany and Italy. I believe we can sell our production five years in advance in those markets,” he said during the visit of Hafsa Al-Ulama, the ambassador of the United Arab Emirates. She underscored there is strong demand for wood products in her country too and that it can be a hub for shipments to other parts of the world.

Brković added the investment, which will complete the needed infrastructure, enables a second phase of development, towards the production of several final products and openings for 180 positions for work in sophisticated technology.

Related Articles

croatia geothermal energy potential crosco agency osijek

Croatia identifies another city with geothermal potential for district heating

30 August 2025 - The testing of an exploratory well near Osijek has confirmed the area's geothermal potential, says the Croatian Hydrocarbon Agency.

japan osmotic power plant fukuoka

Japan inaugurates world’s second osmotic power plant

29 August 2025 - Japan's first osmotic power plant began operations in early August. The facility in Fukuoka harnesses the natural process of osmosis.

slovenia power distribution voltage energy flows grid solar power plants

Reverse energy flows turn Slovenian distributors into power producers

28 August 2025 - On May 1 and 2, five Slovenian power distribution companies fed more electricity into the transmission grid than they withdrew.

Eco bride Milica Lukić celebrates love with a sustainable wedding

Eco bride Milica Lukić celebrates love with sustainable wedding

28 August 2025 - The wedding of Milica Lukić, a researcher and environmental activist, shows that celebrating love can be ceremonial and moving while remaining sustainable.