VietNamNet Bridge – With the state’s policy of using E5 biofuel throughout the country from early 2018, ethanol projects that have been unprofitable will resume their operations, according to PetroVietnam’s CEO Nguyen Vu Truong Son. 
PetroVietnam on September 6 stated the national oil and gas group has completed the assessment of solutions to deal with unprofitable PetroVietnam-invested projects as per the government’s request.

PetroVietnam on September 6 stated the national oil and gas group has completed the assessment of solutions to deal with unprofitable PetroVietnam-invested projects as per the government’s request.

He said this was a difficult task because the projects were ‘stuck’ for a long time, while the fiber and biofuel markets were unattractive to investors. Tiếp tục đọc “Unprofitable ethanol projects see light at end of tunnel” →