EUR 17 mn cogeneration plant inaugurated

Croatia's timber processing company Slavonija Drvna Industrija has launched its new 4.6 megawatt (MW) cogeneration plant in the eastern town of Slavonski Brod on Friday.

The EUR 17 million plant has been in operation for the past two months and the company is using it for the production of power and technical fumes used in wood processing. The project created 20 jobs.

Present at Friday's inauguration of the plant was Agriculture Minister Tihomir Jakovina.

This plant is fueled by bio-mass resulted following wood processing activities.

Slavonija DI, headquartered in Slavonski Brod, produces sliced and peeled veneer, sawn timber and solid flooring.

Last update: Sun, 25/10/2015 - 11:43

More from Business

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said...

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love...

Erdogan calls on Turks to sell dollars and buy lira and gold

President Recep Tayyip Erdogan urged Turkish citizens on Friday to sell their dollars and buy gold and lira, as the...

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport...

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German...