KIEV, Dec. 2 - Etha Tech (London) has said it is ready to build a waste recycling plant in Mykolaiv, using its own funds, and investment in the plant could total EUR 25 million.

"Investors are planning to invest EUR 25 million in the realization of the project. They calculated that the payback term of the project is seven or eight years," reads a posting on the official Web site of Mykolaiv City Council, referring to a presentation of the investment project by Etha Tech Director Andriy Kirakin in the city council conducted on November 30, 2011.

According to the report, the plant will sort all solid inorganic materials (plastic, metal), while organics and substances containing pulp will be pressed, hermetically sealed and exported to the European Union for the production of bioethanol.