Czech officials back plan to find new owner for bioethanol plant

04 May 2011 17:12  [Source: ICIS news]

LONDON (ICIS)--Czech local authority officials are backing a plan to find a new owner for a bioethanol plant that was never fully commissioned because of "bad odour" complaints from local residents, a local government said on Wednesday.

Current owner PLP Trmice fell into insolvency after persistent complaints that its Bioetanol Trmice plant - located in Trmice near Usti nad Labem in the far northwest of the Czech Republic - was the source of a bad smell that was bothering people for miles around, the Trmice municipal authority said.

The 80,000 tonne/year plant, valued at around koruna (Kc) 1.2bn ($73.6m, €49.6m), had failed to progress beyond the trial operation stage since 2008, while a series of environmental fines had been imposed on the now-insolvent owner, it added.

The authority said it was backing the owner's plan to hold a tender to select a new investor that could correct the odour difficulties and run the facility at a profit.

($1 = Kc16.31, = €1 = Kc24.18)

By: Will Conroy
+44 20 8652 3214

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