
The Dung Quat Bio-Ethanol plant in the central province of Quang Ngai
Vietnam’s only remaining ethanol plant
will be merged with the oil refinery at Dung Quat as a cost-cutting
measure at a time of low demand.
BSR, a PetroVietnam subsidiary that owns
the Dung Quat oil refinery, and Petrosetco, another subsidiary that owns
the Dung Quat Bio-Ethanol, are wrapping up procedures for the merger.
The ethanol plant, which has a capacity of 330 tons per day, has been on a trial run since the start of last year.
The US$80-million plant, while awaiting the country’s switch to biofuels by 2015, has been exporting most of its output.
News website VnExpress quoted
BSR chairman Nguyen Hoai Giang as saying...