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January 12, 2009 | Jim Lane | Comments 0

11 Mgy Polish ethanol project to move forward with $4.3 million investment, $12 million in EU grants

In Poland, Horus Bio-Systems and a group of German investors announced a $4.3 million investment in a proposed 11 Mgy Unicorn Chemical Polska ethanol plant near Wroclaw. The plant will be Unicorn Chemical’s first in Europe, and will utilize unspecified non-food feedstocks. The company will license ethanol plant technology from Virginia’s Delta-T, and said that it plans three more identically-sized plants in Europe as well as a biomass pellet business in Michigan and Europe. The company said that it has qualified for $12 million in industrial development grants from the EU.

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