Hungary: Pannonia Bio plans huge green investments

, SEE Energy News

In order to strengthen its leading role in Hungarian agriculture – Pannonia Bio, the largest biorefinery in Europe, operating a multi-product biorefinery in Hungary plans to make green investments of 200 million euros in the next three years. Pannonia Bio is a subsidiary of ClonBio Group, an Irish agribusiness headquartered in Dublin.

From its beginnings as a bioethanol producer in 2012, the refinery has almost tripled in size and developed into a multiproduct facility. In 2020, the company’s biorefinery in Dunafoldvar in central Hungary, produced more than 500 million liters of bioethanol.

Some 10 % of the products were sold in Hungary and the rest in more than 35 countries around the world. Strategic director of Pannonia Bio Ferenc Hodos said that the three-year, 200 million euros investment program launched in 2020 aims to expand the company’s portfolio and produce more environmentally friendly innovative products.