Unprofitable ethanol projects see light at end of tunnel

Last update 16:00 | 13/09/2017
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. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, biofuel, MOIT, Tung Lam
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”

Vietnam vows to revive biofuel plan

Last update 08:09 | 14/06/2017

VietNamNet Bridge – The government’s decision to stop the use of RON 92 petrol is expected to revive a series of ethanol plants which have been bogged down in problems.

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Deputy Prime Minister Trinh Dinh Dung has stated at a meeting discussing the implementation of the biofuel development plan that RON 92 petrol will only be available in the market until December 31, 2017.

After that, only E5 RON 92 (biofuel) and RON 95 will be allowed to be produced in Vietnam. Tiếp tục đọc “Vietnam vows to revive biofuel plan”

E5 bio-fuel to replace RON 92

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Update: June, 12/2017 – 09:00

People have their motorbikes fuelled at a petrol station on Trần Quang Khải Street, Hà Nội. — VNS Photo Thái Hà

HÀ NỘI — Việt Nam will replace RON 92 petrol with E5 bio-fuel from the beginning of next year.

Accordingly, the supply of RON 92 petrol will be halted in all localities across the country. This was announced by the Government Office following the latest decision passed by Deputy Prime Minister Trịnh Đình Dũng concerning the bio-fuel development project and the roadmap for shifting to bio-fuel mixed with fossil fuels. Tiếp tục đọc “E5 bio-fuel to replace RON 92”