Three subsidiaries of state-owned oil and gas group, PetroVietnam have decided to invest US$120 mln to construct a new bio-ethanol plant in Dung Quat Economic Zone in central Quang Ngai province of Vietnam. The new bio-ethanol factory is expected to see light by 2010 and will have a production capacity of 100 mln tpa of ethanol using 220,000 tpa of cassava as a prime raw material. The ethanol produced will be employed as a biofuel substitute to gasoline. The bio-ethanol project is an investment of the Central Oil and Gas Biofuel Joint Stock Company which comprises of PetroVietnam Tourism and Service Company (Petrosetco), the Binh Son Refining and Petrochemical Company and the PetroVietnam Finance Company.
24-Sep-08 
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