The EU Commission approves under EU State Aid rules a €45 million investment aid of Hungary to a chemical company (BorsodChem)

State aid: Commission approves Hungary's €45 million investment aid to BorsodChem* The European Commission has found Hungary's €45 million investment aid to chemical company BorsodChem Zrt to be in line with EU State aid rules. The aid will contribute to the development of the region of Northern Hungary and reduce environmental risks, without unduly distorting competition in the Single Market. The €45 million investment aid granted by Hungary will support BorsodChem's plan to invest in total €142 million in a new facility for the production of aniline at BorsodChem's existing plant in Kazincbarcika (Hungary), where the company currently manufactures methylene diphenyl diisosyanate (MDI).Aniline is

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European Commission, The EU Commission approves under EU State Aid rules a €45 million investment aid of Hungary to a chemical company (BorsodChem), 28 September 2018, e-Competitions Bulletin October 2018, Art. N° 87989

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