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Order dated March 22, 2021 No. 699-r

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Order dated March 22, 2021 No. 699-r

Manufacturers of biopolymers (polylactide) and biodegradable plastics will be able to apply for support measures within the framework of the state program for the development of agriculture. The order was signed by Prime Minister Mikhail Mishustin.

Now the production of biodegradable materials is possible with the deep processing of agricultural raw materials, including wheat, sugar beets, and corn. Enterprises that do this will now have access to, among other things, preferential investment loans. They are issued at a rate of up to 5% per annum for a period of 2 to 15 years.

To provide such an opportunity, the list of products for the production of which government support is offered has been supplemented with a number of items. Among them are ethylene polymers and polyacetals.

The decision taken will help to increase the production of biopolymers and biodegradable plastics, reduce dependence on similar foreign materials and serve to preserve the environment.

The signed document changes Government decree of August 21, 2019 No. 1856-r.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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