Plans in the pipeline for giant bio-fuel plant

The component is used in the production of gasoline. The plant will be a serious competitor for Akwawit, a company owned by one of the richest Polish businessmen, Aleksander Gudzowaty and will be situated near Nysa. "We have already bought the license for the production from the American Katzen International. Production should start in 2007," said Biopaliwa's president, Józef Pyrgies. Akwawit appears unconcerned about the looming competition, claiming that the bio-ethanol market in Poland should be large enough for more than one producer. The plant will produce 110,000 tonnes of bio-ethanol a year, as compared to Akwawit's 80,000 tonnes. Biopaliwa will use 350,000 tonnes of corn or wheat every year for its processes. However, the company first has to secure loans for about zł.400 million in order to launch. Meanwhile, most banks are wary when it comes to biofuels because of the hesitant stand of the government. (Puls Binzesu, pp. 1, 3) A.F.