Biotech Updates

Ho Chi Minh City Orders Official Vehicles to Switch to Biofuel

July 8, 2015
http://www.thanhniennews.com/business/hcmc-orders-official-vehicles-to-switch-to-biofuel-47579.html

Ho Chi Minh City has announced a plan to make all government offices and state-owned companies switch to a locally-produced biogasoline product that has not been selling well.

Six months after it was introduced, the ethanol blend E5 hardly left any impression among local consumers, who still prefer the popular gasoline. Tat Thanh Cang, vice chairman of the city said, it is going to order users of official vehicles to use the new fuel, local media reported. He said the new customers will quickly raise sales of the biofuel.

Many stations have poorly promoted the new fuel and were not willing to invest in new gas pumps for E5. This was due to the uncertainty that it would pay off.