AB Akola Group Expands Sustainability Efforts with New Biofuel Plant in Lukšiai, Plans Future Biomethane Projects

Reuters
2025/07/18
AB Akola Group Expands Sustainability Efforts with New Biofuel Plant in Lukšiai, Plans Future Biomethane Projects

AB Akola Group, a prominent investment company in the Baltic States, has temporarily postponed its biomethane plant construction in Kaišiadorys. Despite the delay, the project remains a priority for the group, aligning with their goals to reduce carbon footprints and enhance energy independence. Currently, the group is concentrating on building a biofuel plant in Lukšiai, Šakiai district, marking their first large-scale project. This strategic move aims to tackle rising energy costs, manage excess biological waste, and reduce climate impact. The biomethane plant, once operational, is expected to process 140,000 tons of organic waste annually, generate 85 GWh of renewable energy, and cut CO2 emissions by 29,000 tons per year. While the Kaišiadorys project is on hold, sustainable waste management continues through partnerships with local farmers and the new Lukšiai plant. The project had attracted €19.4 million in investments, with potential EU funding to be reconsidered upon project resumption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB Akola Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001118347-en) on July 18, 2025, and is solely responsible for the information contained therein.

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