RZBC to build HUF 31 bln citric acid plant in Hungary

Recycling

China's RZBC group will build a HUF 31 bln citric acid plant in Kazincbarcika, government and company officials announced yesterday.

The government approved a one-off HUF 1 bln investment subsidy for the plant, while RZBC committed to employing 165 people for the next ten years, said Ministry of Foreign Affairs and Trade state secretary Péter Szijjártó.

The plant will turn out 100,000 tonnes of citric acid a year, using 200,000 tonnes of maize feedstock. Output of the plant will account for 5% of the global total. RZBC has already registered its Hungarian unit and is in the process of obtaining environmental permits for the plant.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.