Athens-listed Hellenic Sugar Industry is proceeding this week to an international tender for a strategic investor to transform its sugar factories in Larissa and Xanthi into bioethanol production units, costing a total of 180 million euros.
The company aims to produce 300,000 cubic meters of bioethanol per year, in compliance with the EU directive for the production of 5 percent of local fuel consumption through bioethanol by 2010.