in Hungary - Hungarian Investment and Trade Agency

funding
RequiRement (euR)
50 000 000 EUR
renewaBle energy
Hunest Biorefinary Ltd.
investment summaRy
industry
Renewable energy
Executive summary
Technologies based on renewable energy sources have become more than
just demands of the green movement.
The first step in building the Balatonfűzfő Biorefinery is planned to be a
technical facility which can function as an independent economic unit and
produce competitive products.
The factory works with natural substance such as starch, wheat and sweet
sorghum to produce lactate acid through biotechnology. This lactate acid
is the basis of many plastics and solvents, with the company being able to:
manufacture biologically degradable plastics from renewably sourced stock;
produce environmentally compatible lactic acid and calcium lactate. (Conc.
95% lactic acid is the raw material for polylactic acid (plastic industry).
The biogas firm is part of the project because of exploitable technical sewage.
investment objective
Financial investor
Expected collaboration with investor
Acquisition of company
investment return indicator
ROI: 8,3 years
Stage of development
Start-up company
ArAb – HungAriAn Economic Forum – 2012 Budapest
Business summaRy
Provide a short description of the business
Detailed calculations indicate that the envisioned project would have the
following business indicators:
• Sales revenue: HUF 7,900 billion/year
• Operating costs: HUF 5,200 billion/year
• Profit after tax (Total profit after tax in 10 years, based on annual production
data): HUF 7.581 billion
This results in an average profit margin of 10.7%, which is a very good
figure for a project of this capacity.
Description of your product(s) and/or services
Enzymatic saccharification of the starch suspension results in glucose which
lactic acid bacteria can use. The neutralizer used for glucose lactic acid
fermentation is ground limestone. The bacterial mass, cell wall remains
and other dissolved proteins, sugars and oligosaccharides as well as nondesirable
additional compounds are used in a biogas plant. The calcium
lactate produced by fermentation goes through a concentration method.
Concent rated calcium lactate is a marketable product in itself. Sulphuric
acid is added to produce lactic acid, which is further purified through distillation
to produce solutions of a concentration suitable for commercial sale
(85%) or a 95% lactic acid solution suitable for polymerisation.
Any other relevant information
Auxiliary units of the biorefinery include the water treatment plant, cooling system,
a biogas facility where all the liquid waste is used, as well as the power
plant running on biogas. Another product of the biogas facility is desiccated
sludge or biological fertilizer which can be used after storage to replenish
soils. The final facility supports operations which are profitable and easy to
upgrade.
contact
infoRmation
Nitrokémia Co. Inc.,
Hunest Ltd.
Email: zshorvath@nitro.hu
www.nitrokemia.hu