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US-Irish JV to complete $200 mln bioethanol plant by 2012

Pannonia Ethanol, a joint venture of Minnesota-based Fagen and Ireland's Ethanol Europe, expects to complete a $200 million bioethanol plant in Dunaföldvár (C Hungary) by March 1, 2012, project manager Zoltán Reng said on Tuesday.

The plant is expected to turn out 240 million liters of bioethanol a year from 575,000 tons of corn, Reng said. The plant is being built in such a way as to allow capacity to be as much as doubled in a short time, he added.

Feedstock for the plant will come from an area of 50-100 km around Dunaföldvár, he said, answering a question.