ADVERTISEMENT

Paratech Hungary tests technology for conversion of bauxite residue

Recycling

Paratech Hungary has tested technology for converting toxic bauxite residue into harmless building materials at the plant of alumina maker MAL in Ajka (NW Hungary), managing director Gabor Finaczy told MTI.

Paratech Hungary converted the bauxite residue, a red sludgy substance, with a mobile processing plant.

The company is in the process of obtaining permits for the process and clearing the resulting material, dubbed stabilized bauxite residue, with the accreditation bodies, Mr Finaczy said. The process could still take years, he added.

Since it was established in 2009, the company has invested almost $1m - much of it from American venture capital investors - in developing the process, he added.

A reservoir at MAL’s plant in Ajka burst in the autumn of 2010, sending a flood of red sludge into nearby villages, killing ten people and damaging hundreds of homes. The event was Hungary’s worst ever environmental disaster.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.