United BioFuels to build bioethanol plant in Orosháza
Swiss firm United BioFuels Holding Europe AG will build a Ft 20 billion (€73 million) bioethanol and biogas power plant in Orosháza, southeast Hungary, CEO Peter Stepany said on Wednesday.
Construction of the plant, which will have capacity to produce 100,000 tons of bioethanol annually, could be completed within a year once all necessary permits are acquired, Stepany said. The plant will use around 300,000 tons of maize a year, to be supplied mainly by local farmers, and will employ up to 65-70 people, Stepany said. The investment will be financed from the company's own resources and its partner bank.
Orosháza mayor János Fetser said the southeast Hungarian Békés region will provide the maize grown on around 35,000 hectares. United BioFuels is already in the process of building a bioethanol plant with a capacity of 100,000 cubic meters in Mohács, south Hungary and another in Csurgó, southwest Hungary.
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.