Biofuel production plant from microalgae is at the stage ready for construction and starting operation. Land plot is ready for the Project realization: area to accommodate new facilities is in freehold and ready for construction (pile-building base of the plant is ready). Preliminary agreement with the owner/supplier of technology and specialized equipment company “Biodiesel Dnepr” is signed; All preliminary agreements between the owner and contractors which will construct all plant facilities are signed. Preliminary contracts with suppliers of raw materials and other necessary materials are signed. Management – executive director (with special knowledge in the biofuel industry) is actually working on the project realization; engineers and all needed highly qualified staff are ready for startup.