Hungary’s Mabio to launch bio-ethanol investment

Recycling

Bács-Kiskun county-based Magyar Bioenergetikai Zrt (Mabio) is to launch a €190 million ($263 million) investment, one of the largest of its kind in Hungary.

The scheme will result in two new bio-ethanol plants in Csabacsűd and Szabadszállás, which will cost €97 million and €93 million respectively. Besides the investor’s own funds, the remainder of the sum will be covered from bank loans. Originally, Mabio was planning to construct five plants, but had to settle for two. Nonetheless, the firm has not given up on its original concept, and talks are underway about the realization of the other three facilities. The two production sites will have an annual bio-ethanol production capacity of 200,000 tons from 700,000 tons of corn. The developments will provide for 240 new jobs. (Napi Gazdaság)

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.

Support the BBJ

Environment