Pannónia Ethanol’s Dunaföldvár unit makes HUF 4bln profit


The Dunaföldvár plant of Pannónia Ethanol, the Hungarian unit of Irish-owned Ethanol Europe Renewables, had an after-tax profit of nearly HUF 4 bln following its first full year of operation in 2013, Pannónia Ethanol CEO Zoltán Reng announced yesterday.

Pannónia Ethanol produces fuel ethanol and animal feed. According to the company, their facility in Dunaföldvár “currently utilizes roughly 575,000 tons of corn annually , producing up to 240 million litres of ethanol.” The company boasts that “Pannónia Ethanol produces some of the most environmentally friendly ethanol in Europe, with green house gas (GHG) savings well in excess of those required under the EU’s Renewable Energy Directive.”

Pannónia Ethanol had a total revenue of HUD 51.7 bln last year, with approximately HUF 50 bln stemming from exports, primarily to western and east-central Europe.

Reng added that, the Dunaföldvár unit paid HUF 1.5 bln in dividends on last year's profit to its parent company, Luxembourg-based Ethanol Europe Renewables. Pannónia Ethanol launched production at its plant in Dunaföldvár in April 2012.


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality


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.