Bioneco seeks to attract sector investors in biofuels

Another player has joined the domestic market for biofuels. Krakow-based Bioneco intends to launch annual production of 60,000 tones of methyl, a component that is used to produce biofuels. Currently the company is searching for a partner to join the project. Bioneco hopes to work together with the Trzebinia and Czechowice refineries as well as KGHM Metale. Bioneco plans to spend zl. 40 million on equipment to produce the chemical. "We already have everything lined up to start construction. We also hope to win support from environmental funds," said Bioneco's owner Rafal Kudelski. The company has been registered but its capital is not very large. "We have been waiting for the bill on liquid biofuels to be passed and then we will increase Bioneco's capital," said Kudelski. At present the enterprise is in the process of finalizing negotiations to purchase the edible oils plant Zaklady Przemyslu Tluszczowego in Trzebinia. (Puls Biznesu, p. 3) A.Z.