BGS Alcohols, a Greek industrial company based in Patras with a 130-year history, has received a €7.6 million payment toward building a new ethanol production plant. The payment covers part of a total investment of €34.3 million.
The investment has been included in Greece's Strategic Investments regime. It is described as one of the most significant industrial projects in the agri-food raw materials and chemical industry sectors.
New Production Facility
The investment plan calls for a new vertically integrated plant to produce and trade ethyl alcohol and agricultural distillates. The facility will be equipped with modern milling, liquefaction, fermentation and distillation installations.
By-Products and Circular Use
The plant will also include units to recover and use by-products from the production process. These will produce animal feed known as DDGS and purify carbon dioxide, supporting circular use of raw materials.
The unit will produce 96-degree ethanol, known as ENA 96, as well as grade B ethanol. Its two main by-products will be carbon dioxide and DDGS.
