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Almásfüzitő plans Ft 20 bln bioethanol plant at former aluminum factory

The town of Almásfüzitő, on the Danube in northwest Hungary, plans to find an investor to build a Ft 20 billion bioethanol plant on the site of a former aluminum plant, business daily Napi Gazdaság reported on Monday.

A warehouse for feedstock and a research facility will also be built at the plant at an additional cost of Ft 800 million, mayor Lukács Karánsebesy told the paper. The town has already won a Ft 700 million EU grant to rehabilitate the site and convert it into an industrial park. The local council is also putting Ft 77 million of its own funding toward the project. Karánsebesy said several companies have expressed interest in setting up in the park.