21 June 2006 14:58 [Source: ICIS news]
PRAGUE (ICIS news)--BKZ Zrt and Cukrovary TTD Dobrovice said on Wednesday they would invest a total of €419.1m ($529.2m) in bioethanol-for-biopetrol plant projects in Hungary and the Czech Republic.
The company added that the plants would be powered by the combustion of agriculture waste biomass, saying
The plants will be located in
The French-owned firm has been lobbying the Czech government for production subsidies, with the yet-to-be formed new Czech cabinet set to decide on overall biofuels subsidies in the coming months.
Cukrovary TTD said it was particularly focused on the Czech market but might export some bioethanol. It added that bioethanol can be produced more cheaply from sugar beet than from corn.
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