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New bioethanol plant in the making in South Hungary

Bács-Bio-Etanol Kft would build a bioethanol plant in Bácsalmás next year, Managing Director László Baricz announced.

The investment would cost Ft 16 billion ($84.7 million), and based on European precedents, the rate of return would be 6–7 years. Construction is scheduled to start during H2 of 2008, and the factory would process 250,000 tons of locally produced corn annually. Local corn-farmers could be part-owners of the new company to be set up for the operation of the plant. (Magyar Hirlap)