Hungrana invests €100m to triple bioethanol output

14 May 2008 16:39  [Source: ICIS news]

PRAGUE (ICIS news)--Hungary’s Hungrana on Wednesday announced it has spent €100 million ($154 million) on tripling its bioethanol capacity to 150,000 tonnes/year.

 

The company started making bioethanol two years ago and in 2007 began selling its own E85 biopetrol, a spokesman for Hungrana said.

 

Consisting of 85% bioethanol and 15% petrol, it is so far available at 15 petrol stations in Hungary.

 

Hungrana hoped to raise this figure to between 100 and 150 nationwide within a year.

 

The company is a joint venture of Anglo-US group Eaststarch and of Austria’s Agrana and is Europe’s largest processor of maize, a key feedstock for bioethanol.

 

For more on biofuels see Simon Robinson’s Big Biofuels Blog

By: Will Conroy
+44 20 8652 3214

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