Pannonia Bio name change reflects bioproduct development by Ethanol Europe

Date

29 Jun 2018

Sections

Agriculture & Food
€30 million investment programme at Europe’s largest grain based biorefinery

Dublin, 28 June 2018

Ethanol Europe Renewables (EERL) announces that its subsidiary Pannonia Ethanol is to change its name to Pannonia Bio with effect from July 1st, 2018. The change reflects EERL’s investment in new bioproduct development from grain. Pannonia Bio is Europe’s largest grain based biorefinery and is located in a leading Hungarian maize growing area.

“The Pannonia Bio name change evidences the evolution of our company into a multi-product biorefinery. With a €30 million investment programme we are developing new bioproducts for use in the nutrition, feed, biochemical and energy sectors. This investment offers exciting prospects for the future and makes Pannonia Bio one of the most innovative biorefineries in Europe,” Mark Turley, founder and CEO of EERL, says.

The biorefinery has more than doubled in size since commencing production in 2012.  The plant now purchases well over 1 million tons of maize every year directly from farmers.

Apart from changing the name, business will continue as usual. All aspects of the company (contact, management, operations and supply chain) will remain the same.

Ethanol Europe Renewables is an Irish agribusiness group that supplies 10% of the European ethanol market from its biorefinery in Hungary. The ethanol is blended with fossil fuel throughout Europe and saves 70% of carbon emissions compared to petrol.  EERL’s subsidiary produces 350,000 tons of high protein animal feed that is GMO free and antibiotic free for livestock in Europe and beyond.

For more information contact:

Daniel Murray
+353877750317        
email: dmurray@eerl.com

Joe Murray     
+353 86 2534950       
email: jmurray@eerl.com

Ethanol Europe Renewables, 6 Fitzwilliam Place, Dublin 2.  Phone +353 1 5384550