China New Energy signs deal for two ethanol plants in Hungary

November 19, 2013 |

In Hungary, China New Energy announced that it has won contracts with Visontai Bioetanol Fejleszt Korlátolt Felel sségű Társaság and Helvéciai Biouzemanyag Termelö es Kereskedo Kft. to develop two biorefinery projects in Hungary.

The combined value of the contracts to CNE are $97 million over a 4 year period. As part of the tendering process, CNE has already completed the design for both the projects. The first project is expected to complete within two years, entering full commercial production in 2016. The progress of construction will be subject to Viscontai and Helvécia completing their fundraising milestones.

The first project for Visontai will convert corn feedstock into 150,000 liters per day of ethanol. The second project for Helvéciai will convert corn feedstock into 300,000 liters per day of ethanol. CNE will supply its proprietary pre-treatment, fermentation, distillation and dehydration technology to the project and the local project partners will complete the civil engineering and construction of the biorefineries. Visontai and Helvéciai will operate the biorefineries and CNE will provide long-term training, support and maintenance.

Category: Fuels

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