Energy | Nature

Vietnam, Itochu in biofuels MoU

Posted : Tue, 13 Mar 2007 12:57:00 GMT
Author : Energy News Editor
Category : Energy (Environment)
News Alerts by Email ( click here )
Energy Environment News | Home
HANOI, Vietnam, March 13 Japan's Itochu Corp. and PetroVietnam subsidiary Petrosetco have signed a memorandum of understanding to build a $100 million biofuels facility.

Under last week's deal, the facility in Hiep Phuoc industrial park of Ho Chi Minh City will produced .8 percent ethanol to be mixed with gasoline, the Vietnam Investment Review reported.

The facility, which uses tapioca chips to make the ethanol, will begin operations in 2009.

With 1.2 million tons of tapioca chips annually, Vietnam can produce a minimum of 400 million liters of ethanol, Petrosetco Chairman Tran Cong Tao said. The comments were reported by Vietnam Investment Review reported.

The new factory is expected to meet 10 per cent of existing E10 demand in Vietnam, Vietnam Investment Review reported.

Six other facilities are planned to make fuel using cassava, maize, sugar sediment and rice.

Copyright 2007 by UPI

Share/Save/Bookmark

Article : Vietnam, Itochu in biofuels MoU
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Energy (Environment) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.