Öko-Line to spend Ft 5 bln on biodiesel plant

Recycling

Öko-Line Kft signed a supply contract with oil and gas giant Mol Nyrt and will launch production in its biodiesel plant in Nagyigmánd, northwest Hungary, in the first quarter of 2007, business daily Napi Gazdaság reported.

Öko-Line will carry out a Ft 5 billion development in the plant, which was built in 1994 but never used. The plant will produce 50,000 tons of biodiesel a year, but as Mol will not buy the entire amount, negotiations are underway with other companies.
Öko-Line was established in 2003 for this particular project by construction companies Kész Kft and Resonator Kft, each with a 50%-50% share. It expects revenue of Ft 11 billion in 2007 and Ft 14 billion in 2008.

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