Thanh Nien Daily - Ho Chi Minh City,Vietnam
Construction of northern Vietnam’s first bio-ethanol factory began Sunday in Phu Tho Province. The US$80 million project, located in Tam Nong District, is scheduled to become operational in December 2010, producing 100,000 cubic meters of ethanol a year as fuel from locally sourced cassava and sugarcane.
The project investor claims its products will not only be environment friendly by reducing CO2 emissions but also contribute to reducing poverty among cassava and sugarcane farmers in the region.
The 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, director Vu Thanh Ha said at the ground breaking ceremony.
Small-scale factories in southern and central regions now produce between 15,000 and 30,000 liters of ethanol a day using outdated technology.