Bacs-Bio-Etanol to build Bacska bioethanol plant

19 June 2007 15:06  [Source: ICIS news]

PRAGUE (ICIS news)--Hungarian enterprise Bacs-Bio-Etanol said on Tuesday that it will build a $84.7m (€63.2m) bioethanol plant in the second half of next year.

 

The facility, which will be located in Bacsalmas, in the southern Hungarian region of Bacska, would process 250,000 tonnes/year of locally produced corn, the company added.

 

Bacs-Bio-Etanol said that it would look at the possibility of enabling local corn farmers to be part-owners of the plant.

 

It expected that the rate of return on its investment would be around six to seven years.

 

($1 = €0.75)

By: Will Conroy
+44 20 8652 3214

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