Pannonia Bio plans EUR 200 mln green investment
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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 Ceenergynews.com.
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.
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