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)
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