PetroVietnam plans ethanol plants
State-owned Vietnam National Oil and Gas Group (PetroVietnam) plans to develop at least three ethanol plants in collaboration with other companies.
The plants will be set up in the southern province of Binh Phuoc, the northern province of Phu Tho, and at Dung Quat in the central province of Quang Ngai.
PetroVietnam will develop the facilities in the northern and southern provinces.
Each plant has been designed to have a production capacity of 100 million litres of ethanol a year.
The project in central Vietnam will be developed jointly by Binh Son Refining and Petrochemical, a subsidiary of PV Oil, and Petro Vietnam Tourism and Service.
The project in Phu Tho is expected to start in the forthcoming weeks after the feasibility report for the plant was received.
The petroleum-processing and biofuel division of PetroVietnam has indicated that the project should be completed in 20 months and be ready for commissioning by the end of 2010.
The Binh Phuoc project is currently awaiting investment, while the Quang Ngai project is scheduled for development after the completion of the Phu Tho project.
The ethanol produced will be an E5 blend. At present, petrol ethanol is being tested on 100 taxis in Hanoi. The biofuel is expected to be commercially available from 2010.
Vietnam’s Prime Minister has announced that Vietnam's ethanol production would be more than 250,000 tonnes a year by 2015 and more than 1.5 million tonnes a year by 2025. The country could then meet 5% of Southeast Asia's total demand for fuel.
Vietnam aims to attract international companies for at least 20 projects to increase biofuel production between now and 2025, Anh Duc Nguyen, deputy general director of the Vietnam Petroleum Institute, comments.
The plants will be set up in the southern province of Binh Phuoc, the northern province of Phu Tho, and at Dung Quat in the central province of Quang Ngai.
PetroVietnam will develop the facilities in the northern and southern provinces.
Each plant has been designed to have a production capacity of 100 million litres of ethanol a year.
The project in central Vietnam will be developed jointly by Binh Son Refining and Petrochemical, a subsidiary of PV Oil, and Petro Vietnam Tourism and Service.
The project in Phu Tho is expected to start in the forthcoming weeks after the feasibility report for the plant was received.
The petroleum-processing and biofuel division of PetroVietnam has indicated that the project should be completed in 20 months and be ready for commissioning by the end of 2010.
The Binh Phuoc project is currently awaiting investment, while the Quang Ngai project is scheduled for development after the completion of the Phu Tho project.
The ethanol produced will be an E5 blend. At present, petrol ethanol is being tested on 100 taxis in Hanoi. The biofuel is expected to be commercially available from 2010.
Vietnam’s Prime Minister has announced that Vietnam's ethanol production would be more than 250,000 tonnes a year by 2015 and more than 1.5 million tonnes a year by 2025. The country could then meet 5% of Southeast Asia's total demand for fuel.
Vietnam aims to attract international companies for at least 20 projects to increase biofuel production between now and 2025, Anh Duc Nguyen, deputy general director of the Vietnam Petroleum Institute, comments.
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