Project contains construction and exploitation of the METHYLIC ESTER PLANT with the efficiency of 50 000 thousand tons per year (the goal is efficiency of 100 000 thousand tons per year and manufacture about 300 000 thousand tons of rape seeds). The plant is located in Knopin in the province Warmińsko-Mazurskie (28 km from Olsztyn).
The project was developed by experienced design office called AGROPROJEKT Sp. z o.o. with the office in Pruszków.
1)This METHYLIC ESTER PLANT project is located in the town called Knopin near the city called Dobre Miasto in the province of Warmińsko – Mazurskie. It is situated in the North of Olsztyn (28 km away).
2)Project establish the construction of the store-house of rape seeds, oil mill, the refinery of oil and factory bio-diesel in the place of already existing group of buildings on the land occupies total area of 114 430 m2. (11,443 ha)
3.2Project Realization Cost
1)The main property components of company BIORENA consist of
following values:
-the institutional capital-50.000 Pln
-the value of land parcel-5.000.000 Pln
-the preparation of the investment-1.600.000 Pln
-the money in cash- 10.000.000 Pln
2)The amount of 175 024 319 zł. before tax (netto) is needed to finish up completely the entire Project according to the Business Plan from April 2010.
3.3 Financing the Project Realization
According to the accepted foundations of this project was made to be mainly finance by the credit obtain from a bank.
3.4 Fundamentals Principle of the Project
1) Following products will be the object of sale within the planned Investment:
-The Methyl ester, -which will be disposed as bio-component for the manufacturers of fuels obliged to the realization NCW the making up minimum part bio-components to fuels, or as the fuel (B-100) consisting of the 100% Methyl ester.
-The oilcake bagasse from the grain of the rape, - which is the perfect component to animal fodders. You should mark, that the newest technology of expression of rapeseed grain (the principle of extrusion) will be applied in this factory, letting entirely destroy the bacterial flora and do away, the so-called chains of fibers restrictive possibilities applying gets so far the oilcake exclusively for ruminants. This lets on the utilization this kind of oilcake for all animals in the consequence.
- Technical glycerin - cleanness about 88% coming into being in the process of transestryfication. The prediction isthat there will be finally about 6.600 tons annually. Technical glycerin is disposed to institutions refinement for the pharmaceutical industry, how also is often burnt, as the biomass in power stations.
- Fatty acids -they make up the side product which the chemical industry is interested similarly as technical glycerin. Thetargetproductionshould be 500 tonsannually.
2)The shareholders of BIORENA have develop a special system and a group which will only manage to contract the Rape and what later is called (Zespół Kontraktacji Rzepaku“ZKR”) whose objectives are:
- organization of the rape seeds contraction system in the quantity of 500 000 thousand tons of seeds per year, but in the 1st year of 2010/2011 – only 100 000 tons of rape seeds,
- to sign long terms contracts to cultivate rape with the farmers
- to realize contracted obligations in the presence of the farmers,
- superintendence under the realization of contracted obligations with the farmers,
- clearing farmers form they obligate realizations,
-The project has all ready decided on the territorial domain of contracting, also to make the most out of already existing base of storage warehouses and seed rape processing industry ( drying and cleaning rape seeds). Another purpose is to interest many farmers to cooperate with a new partner.
3)The sale of the production of Institution according to the investor foundations will be led on the national market and in the export. When this production plant will be finished it will generate over 70 individual positions to work in very differential qualification requirements.
3.5 Financial Project results (forecast according to the business plan)
-YIELD an INCOME from SALES 20,79 %
-*ROA 4,15 %
-*ROE7,9 %
-PROFIT NETTO 53.250.920 PLN
-CASH FLOW260.314.343 PLN
-YEARLY INCOME from SALES256.089.000 PLN
(after making the most from production ability on the level of 90%)
-RETURNING PERIOD OF EXPENDITURE 4 years 10 months
-*IRR 26,98 %
-*NPV 203.876.100 PLN
(at the cost of capital = 8 %)
The index above shows the financial situation in the last year of credit (2021)
