Nád MPS-H Kft, a Budapest-based bioenergy research firm, will set up what will become Europe's largest facility growing energy efficient reed grass, daily Magyar Hírlap reported, citing Gábor Kiss, the company's managing director.
Nád MPS-H is spending Ft 2 billion ($10.9 million) to build a 5,500 sqm plant in Bátonyterenye (North Hungary) by October this year and expects to hire some 500 staff. Energy reed has a calorific value equivalent to 12 tons of premium quality coal or 9,000 cubic meters of natural gas. It can be used in power plants either by itself, or mixed with conventional fuel. Seeds are multiplied in labs through micro propagation and then sowed on farm land. (Magyar Hirlap)