Visontai/CNE – Visonta Biorefinery Plant – Hungary - Project Profile
"Visontai/CNE – Visonta Biorefinery Plant – Hungary - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Visontai Bioetanol Fejleszto Korlátolt Felelosségu Társaság (Visontai) and China New Energy (CNE) are planning to undertake the construction of a Biorefinery plant in Visonta, Hungary.
The project involves the construction of a bio-refinery plant with a capacity to convert corn feedstock into 150,000 liters of ethanol per day.
It includes the construction of a processing unit, storage units, distillation units and related infrastructure and the installation of machinery.
The project also includes the construction of distillation units, ethanol storage tanks, a natural gas treatment facility, a storage facility, an administrative building and access roads.
In November 2013, China New Energy (CNE) was appointed as the design and build contractor.
Oriental Scientific Instrument Import and Export Corp (OSIC) will work with CNE for the project development.
In March 2015, Hungarian local banks are agreed to provide US$32 million for financing.
On June 1, 2015, CNE acquired a 24% stake in Visontai Bioetanol, Hungarian biorefinery.
Financing for the project has been delayed due to decline in oil prices and the developers are evaluating the project in partnership with several Chinese banks and construction companies. Subject to funding, the project will be completed in 13 months. The companies have planned not to start construction in 2017.
The project involves the construction of a Biorefinery plant in Visonta, Hungary.
The US$35 million project includes the following:
1. Construction of distillation units
2. Construction of ethanol storage tanks
3. Construction of a natural gas treatment facility
4. Construction of a storage facility
5. Construction of an administrative building
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