Bio-Ethanol Join Stock Company has recently approved to establish by Viet Nam Oil & Gas Group ( Petro Vietnam) in its shareholder meeting to build Bio-Ethanol plant in Dung Quat Economic Zone, Binh Son district, Quang Ngai province.
The Plant with raw material input of sliced cassava will produce ethanol oil, which as scheduled, shall be mixed with gasoline before being consumed to save fuel and reduce environment pollution.
Reportedly, Bio-Ethanol Join Stock Company ’s charter capital shall be 45 billion dong (around $ 2.7 million) mobilized by PetroVietnam Tourism and Services Joint Stock Company (PETROSETCO)(51%), Petro Vietnam, Oil & Gas (PV Oil) (29%), Binh Son Oil Refining and Petrochemical Co., Ltd (BSR)(15%) and PetroVietnam Finance Co (PVFC)(5%).
M.H.
