The government approved a one-off HUF 1 bln investment subsidy for the plant, while RZBC committed to employing 165 people for the next ten years, said Ministry of Foreign Affairs and Trade state secretary Péter Szijjártó.
The plant will turn out 100,000 tonnes of citric acid a year, using 200,000 tonnes of maize feedstock. Output of the plant will account for 5% of the global total. RZBC has already registered its Hungarian unit and is in the process of obtaining environmental permits for the plant.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
