Vértesi Erdő, Tatabánya Erőmű sign HUF 1.5 bln biofuel contract

Telco

Hungarian forestry company Vértesi Erdő yesterday signed a contract for an initial HUF 1.5 bln to supply woodchips to heating plant operator Tatabánya Erőmű, and is expected to supply more than 100,000 tons of woodchips a year until 2032, about one-quarter of the company’s annual biomass production capacity, Vértesi Erdő CEO Mihály Kocsis said. 

The heating plant in Tatabánya is gas-fueled, but ongoing modifications will allow it to run on up to 86% biomass, Kocsis added.

Tatabánya Erőmű managing director Zoltán Kamarás said his company is spending HUF 7 bln on the project, including HUF 1.5 bln in European Union and state grant money. The development will add 41 jobs at the plant, which currently has a headcount of 100.

 

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.