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Chinese company plans to extract peat on Sakhalin - EastRussia | Far East

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Chinese company plans to extract peat on Sakhalin

Chinese company plans to extract peat on Sakhalin
Photo: pixabay.com

A Chinese company that produces substrates for seedlings and fertilizers wants to mine peat on Sakhalin and supply it to China. Its representatives arrived in the region to assess the prospects for the implementation of the investment project.

As the Interfax, Chinese businessmen met with the leadership of the regional Ministry of Economic Development and visited the existing peat deposit in northern Sakhalin. They estimated the volumes of explored peat reserves, and were also able to find out under what conditions it is possible to launch a project for its extraction.

The company intends not only to extract, but also process minerals. The parties discussed the cost of production, logistics and exchanged contacts.

In the Sakhalin region there are about 200 peat deposits. Now only a small part of them is involved in economic activity.