Vietnam's Prime Minister Push Policies in Place to Help Biofuel Uptake
February 4, 2015http://www.thanhniennews.com/society/vietnam-paves-way-for-largescale-use-of-biofuel-this-year-38039.html
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Prime Minister Nguyen Tan Dung has promised to set the price of biogasoline E5 lower compared to the country's most popular fuel grade in order to boost consumption. The blend, with 5 percent of cassava-based ethanol, will be sold at a cheaper price than the popular 92-RON.
Vietnam's major cities also tested selling E5 last year. Soon, the rest of the country will follow suit. Quang Ngai Province, home to Vietnam's sole oil refinery, was one of the provinces that initiated the sale last year.
PM Dung also ordered the Ministry of Finance to review tax regulations on biofuel to facilitate the switch, including raising export tariffs on ethanol and cassava to maintain enough supplies at home for biofuel production.
Researchers at the Hanoi University of Technology found that E5 does no harm to vehicle engines and concluded that vehicles using E5 accelerate faster and have less carbon emissions.
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