In the Lanivtsi urban territorial community of Ternopil region, the project for the construction of the “BIO-LAN” industrial park is actively being implemented. The documents for the park’s registration have already been submitted to the Ministry of Economy of Ukraine. The project will have a significant impact on the region’s economy, as it will create over 200 new jobs and attract investments amounting to €110 million, as well as ₴7 million in annual revenue for the local budget.
This is reported by Finway
Purpose and Function of the Park
The main goal of the industrial park is to stimulate the development of processing capacities for grain crops and support alternative energy sources in the region. The “BIO-LAN” park will focus on the processing industry, specifically on the production of bioethanol and biogas.
Construction Status
As of today, work is underway to construct the main engineering and transport infrastructure, elevator complex, and storage facilities, including an oil transfer station. The reconstruction of the administrative building is also ongoing, along with the construction of the main production facilities for bioethanol and biogas production.
Currently, four industrial parks are registered in Ternopil region, and the establishment of three more is planned by the end of the year.