Output difficulties shut down multi-million dollar ethanol factories (Vietnam)

Oversupply and high manufacturing costs, as well as a chronic lack of state support are the major reasons behind the closing of ethanol factories in general and PetroVietnam factories in particular, according to newswire Tuoitre.

VIR – As of now, PetroVietnam’s ethanol factories in the northern province of Phu Tho and the southern province of Binh Phuoc have stopped operations and the fate of the bio-ethanol Dung Quat factory, will be decided in the coming shareholders’ meeting. Tiếp tục đọc “Output difficulties shut down multi-million dollar ethanol factories (Vietnam)”