Korean Company Enters Joint Venture to Produce Bioethanol in Laos

South Korea's TN Energy has entered into an agreement with Lao State Fuel to set up a joint venture (JV) to produce Power Gasoline-branded bioethanol fuel.

The joint venture, to be called Lao K-tech, will be established at Dongphosy village in Hadxaifong district, Vientiane, Laos. In the first year, the companies will survey areas for growing feedstock, namely cassava and sugarcane. The partners are planning to grow 40% of their feedstock, while the rest will be bought from local farmers. Some other feedstocks will be imported from Korea during the first or second year of production.

TN Energy expects to produce 1.2 million litres of Power Gasoline a month once the project is up and running. In turn, Lao State Fuel will be responsible for allocating locations and storage space as well as finding markets to sell the product.