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Armenia to have insulin-producing venture

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  • Armenia to have insulin-producing venture

    Armenia to have insulin-producing venture

    May 16, 2013 | 15:46


    YEREVAN. - Within the framework of the `Project to Establish an
    Armenian-Chinese Venture on Insulin Production,' it is planned to
    found a modern-technology-based insulin production in Armenia.

    The main raw material for this venture will be the Jerusalem
    artichoke, which the local farms will grow with special technical
    requirements.

    An annual amount of 3,000-3,500 tons of insulin, 1,000 tons of
    fructose, 1,200 tons of cellulose, and 12,000 tons of biofertilizers
    are planned to be produced by this venture.

    To assist in this project, the Government of Armenia on Thursday
    decided to allocate close to 3 million drams (approx. $7,200) to the
    Ministry of Economy, to set up a contest to attract foreign capital.

    Along the lines of this project, an annual amount of 30,000 tons of
    Jerusalem artichoke must be grown from 3,000 hectares.


    News from Armenia - NEWS.am

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