AB Agrowill Group managing organic farms all over Lithuania within next two years aims to attract EUR 20 million investment into scientific research and innovations.
Implementing its new vision of sustainable business the company intends to focus on the production of agricultural products and further development of innovations in order to become not only the biggest but also the most innovative organic farm in Europe.
The company seeks to attract investment for scientific research and innovations: development of new generation diary and poultry frams, building a new line of combined feedstuffs and development of production of organic seeds. EUR 17 million will be invested into these branches. Another EUR 3 million is intended to invest into biogas application for tractor fuel and other projects.
According to the estimates of Agrowill Group the manure of its livestock can be used to produce about 7.5 million tons of biogas per year. This would help to reduce CO2 emissions by 35 thous. tons annually.
After implementation of new organic farming vision Agrowill Group plans to produce 37 thous. tons of milk for processing, to grow 20 thous. tons of crops, 28 thous. tons of vegetables and 12 thous. tons of mushrooms.
The company manages 25 500 ha of agricultural land and grows 10 000 tons of mushrooms per year. It has the herd of 3 500 milking cows.
Vladas Bagavičius
Member of the Board
tel. +370 5 233 5340