Located in the western Iranian province of Kermanshah, the biorefinery will produce bioethanol as its main output product, IRNA quoted Nabavi as saying on Tuesday.
According to Nabavi, despite the limitations and problems created by the US sanctions, IDRO has managed to successfully implement the mentioned project with the help of local engineers and experts.
The construction, installation, testing, and commissioning of the biorefinery are expected to be completed in the current Iranian year (to end on March 20, 2023).
The official noted that over 12 trillion rials (about $44.05 million) has been invested in the project which will create direct job opportunities for over 200 people.
When fully operational, the biorefinery will have an annual production capacity of 66 million liters of bioethanol which will save the country more than $65 million every year, according to Nabavi.
The refinery will also produce 66,000 tons of fermented press cake from the production of alcohol annually as a by-product.