Pannon Ethanol invests in bioethanol plant

In the city of Dunafoldvar, Hungary, energy utility Pannon Ethanol has started building its new bioethanol power plant.

Pannon Ethanol has invested €120 million in the project, which will produce 240 million litres of bioethanol a year from 575,000 tonnes of maize when up and running in the fourth quarter of next year.

250 construction jobs will be created, in addition to 77 permanent positions and 600 indirect agricultural jobs.