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.
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