This food processing company established in 1986 prides itself to be one of the finest producers or herbs, spices, dried and processed vegetables in the Balkans. It has three production lines and a range of products.
Adding spice to a food processing factory
To remain competitive the company needed to significantly reduce its fuel consumption costs. The company sought to replace the natural gas burner used in the energy intensive process of drying of the products.
The company addressed WEBSECLF for financing and technical assistance for the project. The project comprised the purchase and installation of two biomas boilers for the total capacity of 4 MW.
The WeBSECLF team analysed the investment measures, particularly, the potential of energy savings, the financial-technical parameters of the project and its risks.
The €1,431,000 investment generates the energy cost savings of €431,100 per year, which means that the investment will be repaid of energy savings only in just 2.8 years.
The savings arise from the switch from the expensive purchased natural gas to own energy source – the biomass bails from the company’s own fields. Even though the operational and maintenance costs related to biomass are higher than those related to natural gas utilization, the project is still highly profitable.
What is more important, by developing own renewable energy source, the company became independent and more resistant to energy price fluctutations at the market. In addition, it solved the issue of utilization of own wastes and decreased the CO2 emissions by 3,000 tonnes per year, making its valuable input to mitigation of the negative effects of the human activity on climate.