PetroVietnam's Dung Quat plant to be operational by October

Oil company PetroVietnam is on schedule to begin operations at its ethanol production facility in October 2011, according to new reports.

Currently 75% complete, the finished Dung Quat ethanol plant will have the capacity to produce 100 million litres of ethanol a year from locally grown cassava.

Central Oil and Gas Biofuel of Vietnam is financing the build and the plant is predicted to double its output capacity within the upcoming years.

The nation is looking to manufacture approximately 250,000 tonnes a year of the biofuel, in addition to vegetable oil, in order to comply with 1% of its petroleum requirements by 2015.