Attis invests $90M in construction of new biofuel facility in Serbia

In Serbia, SeeNews reports that U.S. Georgia-based Attis Industries is investing up to 80 million euro ($90 million) in the construction of a biofuel factory in Kula, in northern Serbia, according to the Kula city government.

“Attis Industries intends to invest between 60 million euro and 80 million euro within two years after receiving all necessary permits for the construction of the factory, the Kula city government said in a statement. The US holding company plans to hire 160 employees at the factory and expects to complete its construction in 18 months, Vanessa Bageto, a representative of Attis Industries, said after the signing of a memorandum of understanding with the Kula city government for the project.”