Mabio plans €300 mln bioethanol plants of own design
Hungary’s Mabio plans to build two biomass-powered bioethanol plants, designed itself, in Hungary and one in Romania, worth a combined €300 million ($1.74 million), with local partners, CEO Dénes Nemes told MTI on Saturday.
Mabio submitted a patent application for the plant design to the Hungarian Patent Office at the beginning of the month, Nemes said. The plants, to be built in Csabacsűd and Szabadszállás, in Hungary, and Dorohoi, in Romania, will start operation between 2010 and 2012. Mabio has spent about Ft 800 million ($4.65 million) to purchase the plots on which to build the plants, and it has already started applying for permits for the plant in Csabacsűd, which will cost €107 million (about $164 million) to build. From 2010, Mabio expects the plants to generate turnover of €75 million ($115 million), calculating with current market prices. It expects to recoup its investment at the plants in eight years. (MTI-Econews)
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.