Pannonia Bio plans EUR 200 mln green investment

Green Energy

Image by

Pannonia Bio, the largest biorefinery in Europe, operating a multi-product biorefinery in Hungary plans to make green investments of EUR 200 million (USD 242.9 million) in the next three years to strengthen its leading role in Hungarian agriculture, reported energy portal

From its beginnings as a bioethanol producer in 2012, the refinery has almost tripled in size and developed into a multiproduct facility. Today, nutrition, health, biochemical and fuel bioproducts are manufactured as alternatives to fossil materials.

In 2020, the company's biorefinery in Dunaföldvár, in central Hungary, produced more than 500 million liters of bioethanol, more than 350,000 tons of GMO-free, protein-rich animal feed and more than 10,000 tons of corn oil from 1 million tons of locally produced corn.

Some 10% of the products were sold in Hungary and the rest in more than 35 countries around the world. Ferenc Hódos, strategic director of Pannonia Bio underlined that the three-year, EUR 200 million investment program launched in 2020 aims to expand the company's portfolio and produce more environmentally friendly innovative products. Pannonia Bio is a subsidiary of ClonBio Group, an Irish agribusiness headquartered in Dublin. 


May PMI Falls to 57.1 Analysis

May PMI Falls to 57.1

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Budapest Airport Closes 2022 in the Black Transport

Budapest Airport Closes 2022 in the Black

Borsodi Friss Receives Revamped Look Drinks

Borsodi Friss Receives Revamped Look


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.