Aqua Fluid Biotech Group signed a frame agreement with company Biopack.
The company Biopack has developed a unique green technology for the construction of Pulp and Paper Mills for the production of biodegradable packaging, using cellulose not from wood, but from the fast-growing Miscanthus grass, which the company will grow itself.
The use of unique AFTM solutions will make this process completely zero-waste, recycling 100% of all hazardous chemical wastes and effluents, and provide inexpensive green energy to the production process.
Biopack has plans to build at least 20 regional «green» facilities for production of biodegradable products based on a proven solution using SCT-modules from AFBG. The first project will be implemented at the industrial site of Biopak during the period 2021-2024.
The parties agreed to establish a joint engineering company that will develop and supply integrated engineering solutions for all PPMs planned for construction.