Vietnam builds bioethanol plant
The northern region of Vietnam has begun construction on the region’s first bioethanol plant in the province of Phu Tho.
The US$80 million project producing 100,000 m3 of ethanol per year is scheduled to come online in December 2010, converting locally available cassava and sugarcane to fuel.
The project investor, Bio-Petroleum and Petrochemical Joint Stock Company (PVB), will sign direct contracts with farmers to buy their products at prices equivalent to those available at northern border gates. Therefore its products are not only environmentally friendly for reducing CO2 emissions but also contribute to poverty reduction for cassava and sugarcane farmers in the region.
PVB signed a contract for engineering, procurement and construction of the factory with a group of contractors led by the Vietnam Petroleum Construction and Assembly Joint-stock Corporation worth US$60 million.
Vietnam has the capability to produce between 15,000 and 30,000 litres of ethanol per day by small-scaled factories using out-of-date technology in southern and central regions.
The US$80 million project producing 100,000 m3 of ethanol per year is scheduled to come online in December 2010, converting locally available cassava and sugarcane to fuel.
The project investor, Bio-Petroleum and Petrochemical Joint Stock Company (PVB), will sign direct contracts with farmers to buy their products at prices equivalent to those available at northern border gates. Therefore its products are not only environmentally friendly for reducing CO2 emissions but also contribute to poverty reduction for cassava and sugarcane farmers in the region.
PVB signed a contract for engineering, procurement and construction of the factory with a group of contractors led by the Vietnam Petroleum Construction and Assembly Joint-stock Corporation worth US$60 million.
Vietnam has the capability to produce between 15,000 and 30,000 litres of ethanol per day by small-scaled factories using out-of-date technology in southern and central regions.
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