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in Hungary - Hungarian Investment and Trade Agency

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fund<strong>in</strong>g<br />

RequiRement (euR)<br />

Negotiable,<br />

accord<strong>in</strong>g to the content<br />

<strong>and</strong> size of the project<br />

renewaBle energy<br />

Different energy technologies<br />

<strong>in</strong>vestment summaRy<br />

<strong>in</strong>dustry<br />

Renewable energy<br />

Executive summary<br />

Our companies specialize <strong>in</strong> energetic <strong>in</strong>novation <strong>and</strong> environmental technologies.<br />

The priority areas are the oil <strong>and</strong> gas <strong>in</strong>dustry. In recent years we<br />

have become capable of absorb<strong>in</strong>g significant EU resources <strong>in</strong> the field of<br />

human expertise <strong>and</strong> <strong>in</strong> <strong>in</strong>tensive project cooperation with <strong>Hungarian</strong> universities.<br />

A number of projects are currently underway, be<strong>in</strong>g <strong>in</strong> different stages<br />

from the <strong>in</strong>itial start-up, through to the realization phase. Technology transfer<br />

<strong>and</strong> research f<strong>in</strong>anc<strong>in</strong>g are also creat<strong>in</strong>g cooperation possibilities.<br />

<strong>in</strong>vestment objective<br />

Strategic <strong>in</strong>vestor<br />

Expected collaboration with <strong>in</strong>vestor<br />

Jo<strong>in</strong>t Venture partner, Capital <strong>in</strong>crease<br />

ArAb – HungAriAn Economic Forum – 2012 Budapest<br />

Bus<strong>in</strong>ess summaRy<br />

Provide a short description of the bus<strong>in</strong>ess<br />

In recent years, the jo<strong>in</strong>t effects of environmental anomalies, the global<br />

f<strong>in</strong>an cial crisis <strong>and</strong> the hunger for energy have required the appearance of<br />

such competences which co<strong>in</strong>cide with the market dem<strong>and</strong> for new services.<br />

These issues can be addressed through creat<strong>in</strong>g ventures which are<br />

<strong>in</strong>novative medium size enterprises, capable of provid<strong>in</strong>g services by match -<br />

<strong>in</strong>g the <strong>in</strong>tellectual property of the universities <strong>and</strong> the available capital<br />

of mult<strong>in</strong>ational companies. Such companies will be able to absorb the<br />

resources allocated <strong>in</strong>side the EU, namely will be qualified for creat<strong>in</strong>g the<br />

<strong>in</strong>frastructure (design software, research places, special workshops) serv<strong>in</strong>g<br />

the human resource dem<strong>and</strong> of the new technologies.<br />

Description of your product(s) <strong>and</strong>/or services<br />

Resourc<strong>in</strong>g, development <strong>and</strong> <strong>in</strong>novation <strong>in</strong> the energy sector, provid<strong>in</strong>g<br />

services for its market oriented segments, from draft<strong>in</strong>g the idea, through<br />

eng<strong>in</strong>eer<strong>in</strong>g to manufactur<strong>in</strong>g <strong>and</strong> test<strong>in</strong>g the prototype, <strong>and</strong> market <strong>in</strong>troduction.<br />

The pressure for develop<strong>in</strong>g new technologies requires <strong>in</strong>creas<strong>in</strong>gly<br />

resilient <strong>and</strong> <strong>in</strong>tensive cooperation through <strong>in</strong>ternational relations. The market<br />

dem<strong>and</strong> for these services has shown a dynamic <strong>in</strong>crease especially for<br />

complex services like those provided by our companies.<br />

Any other relevant <strong>in</strong>formation<br />

Available projects:<br />

• Hydrate <strong>in</strong>hibition <strong>in</strong>spect<strong>in</strong>g conta<strong>in</strong>er – <strong>in</strong> f<strong>in</strong>al stage, prototype is <strong>in</strong> field<br />

operation<br />

• Thermal gas generation – prototype is <strong>in</strong> the test phase<br />

• High efficiency power generation system – <strong>in</strong> development stage<br />

• Gas separator membrane – <strong>in</strong> development stage<br />

contact<br />

<strong>in</strong>foRmation<br />

Olajgép-Tec Ltd. Co.<br />

Mr Pál Farkas<br />

Email: pfarkas@olajgeptec.hu<br />

Mr Sándor Nyári<br />

Email: snyari@olajgeptec.hu<br />

<strong>Hungary</strong>, 5940 Tótkomlós,<br />

Vasvári Pál utca 15.<br />

www.olajgeptec.hu

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