Vietnam Sets up First Biofuel Plant in PhuTho
July 10, 2009| |
Vietnam's National Assembly Vice Chairwoman Tong Thi Phong led the ground-breaking ceremony to build northern Vietnam's first bio-ethanol plant in the midland province of Phu Tho. The US$80 million project is scheduled to become operational by December 2010 and will produce 100,000 cu. m of ethanol a year from cassava and sugarcane.
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, said director Vu Thanh Ha at the ceremony. The country produces between 15,000 and 30,000 liters of ethanol a day by small-scale factories using out-of-date technology in southern and central regions.
See the full article at http://www.nhandan.com.vn/english/business/220609/business_n.htm or email Ngoc Nguyen Bich of Agbiotech Vietnam at mailto:nbngoc78@yahoo.com for more developments on crop biotechnology in Vietnam.
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