Pallet maker launches pellet business
Fashion Export-Import is investing more than half a billion forints in building a plant that will turn sawdust, the byproduct of its pallet business, into wood pellets, Hungarian news agency MTI reported today.
Fashion Export-Import spun off the wood pellet business into Pellet-International, said owner and managing director István Ónodi. The unit has already completed a HUF 257 mln production hall and is installing almost HUF 300 mln of machinery. Test production will start this fall, Ónodi added.
Pellet fuels are heating fuels made from compressed biomass. Wood pellets are the most common type. A form of wood fuel, wood pellets are generally made from compacted sawdust or other wastes from sawmilling and other wood products manufacture.
The plant is expected to turn an annual 5,000 tons of sawdust into pellets. Fashion Export-Import was granted almost HUF 100 mln from European Union funds for its investment.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.