Hungrana lays cornerstone for biomass power plant
Austrian-U.S.-owned Hungrana on Monday laid the cornerstone for a HUF 1.5 billion biomass power plant in Szabadegyháza, central Hungary, state news agency MTI reported. The ceremony was attended by Minister of Agriculture Sándor Fazekas.
The minister said Hungrana burns 75,000 tons of biomass a year in its existing biomass power plant, generating steam and thermal energy covering two-thirds of its needs. The new development will increase this ratio to 100%, he added.
Hungrana has been a major corn-processing company in Hungary for more than 100 years. Its corn-processing capacity has increased from 400 tons a day in the mid-1990s to almost 3,500 tons a day, the minister said.
CEO Zoltán Reng said Hungrana has invested EUR 225 million in the past ten years and currently processes 1.15 million tons of corn annually.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.