A resident of the Arctic Zone of the Russian Federation plans to reduce the price of fuel pellets for consumers in the Republic of Karelia

A resident of the Arctic Zone of the Russian Federation (AZRF), “First Logistics Pellet Company”, will begin implementing a project in the Republic of Karelia under an agreement with the Far East and Arctic Development Corporation. The resident of the world's largest economic zone plans to build a warehouse for storing pellets—a solid biofuel used for heating private homes and industrial facilities.

Anastasia Zhuk, Director of the Investment Project Implementation Support Department for the Arctic Zone of the Far East and Arctic Development Corporation, noted that such projects are a step toward developing a new bioenergy infrastructure.

"Providing regional energy through locally distributed sources is an important task. Wood pellets could become a profitable commodity with stable demand. In forested regions, such as Karelia, their production could also help solve the problem of wood waste management. Thanks to government support, such a socially significant project can be launched even with a small capital investment," added Anastasia Zhuk.

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