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The local council of Mohács (SW Hungary) approved an agreement on the construction of a HUF 50bn bioethanol plant, Europe's biggest, at a meeting on Thursday, regional daily Új Dunántúli Napló said on Friday.
The plant is to be built by January 2014, creating 75 jobs and another 1,000 indirectly, the paper said.
Pannonia Ethanol is a joint venture of Minnesota-based Fagen and Ireland's Ethanol Europe. The JV is building a $200m bioethanol plant in Dunaföldvár (C Hungary) that it expects to complete by the spring of 2012, Econews reported earlier.