September 22, 2008

PetroVietnam to build ethanol plant in Quang Ngai

Quang Ngai (VNA) – A bio-ethanol plant will be built at the Dung Quat Economic Zone in central Quang Ngai province next year with investment from three subsidiaries of the Vietnam National Oil and Gas Group (PetroVietnam).

The 120-million-USD factory is expected to use 220,000 tonnes of cassava every year as the main feedstock to turn out annually 100 million tonnes of ethanol to be used as a biofuel alternative to gasoline.

The factory, scheduled for completion by 2010, is an investment of the Central Oil and Gas Biofuel Joint Stock Company, jointly set up by PetroVietnam Tourism and Service Company (Petrosetco), the Binh Son Refining and Petrochemical Company and the PetroVietnam Finance Company.-Enditem

Via:VNA