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.