PV Oil to build 400 biofuel stores

31/07/2011

With the development orientation of biofuels, Petro Vietnam Oil Corporation (PV Oil) focuses on developing distribution systems, investment and upgrading infrastructure so as to build 400 stores throughout the country by the end of this year to provide about 50.000m3 of E5 Ethanol bio petrol to the market.

According to Mr. Le Xuan Trinh, Deputy General Director of PV Oil, E5 petrol is a new type of fuel and first put to use in Vietnam, so consumers are still cautious when using.

With the development orientation of biofuels, Petro Vietnam Oil Corporation (PV Oil) focuses on developing distribution systems, investment and upgrading infrastructure so as to build 400 stores throughout the country by the end of this year to provide about 50.000m3 of E5 Ethanol bio petrol to the market.

According to Mr. Le Xuan Trinh, Deputy General Director of PV Oil, E5 petrol is a new type of fuel and first put to use in Vietnam, so consumers are still cautious when using. Meanwhile, the production and trading of E5 petrol in Vietnam is in the starting phase, the production cost cannot be cheaper than traditional gasoline so it is still not able to attract consumers.

In addition, the companies pioneering in production and distribution of biofuel do not have stable distribution networks. Under the development orientation of biofuel, from 2012 onwards, PV Oil will implement the trading of E5 petrol in the whole system if the State enacts the mandatory roadmap of using biofuel across the country or issues policies supporting the manufacturing and trading of biofuel and bio petrol.

According to PV Oil, since E5 petrol was officially launched to the market on Aug 1st 2010 with 12 first points of sale, to date, the biofuel trading network across the country under Vietnam National Oil and Gas Corporation has reached 50 stores with nearly 4.000m3 of gasoline supplied to the market.

By Minh Duc

Same Category

Efficient and Economical Energy Use in Wood Production

10/11/2024

Energy Savings in the Seafood Processing Industry 21/10/2024
Energy Efficiency in Cement Production 21/10/2024
Implement energy recovery solutions, Toshiba Asia Industrial Products Co., Ltd. saves nearly 1 billion VND/year 19/10/2024
Phu Tho accompanies enterprises to promote the energy efficiency and conservation 18/10/2024

Energy Consumption at Viet-Sing Steel is 0.4% lower than the whole industry standard 16/10/2024

The energy audit report conducted by Viet-Sing Steel in 2023 shows that the company's energy consumption is 0.4% lower than the energy consumption standard of the steel industry (as per Circular No. 20/2016/TT-BCT dated September 20, 2016, by the Ministry of Industry and Trade).
Scaling Up Energy Efficiency Models in the Textile Industry 15/10/2024

With the potential to save about 20% of energy consumption, textile enterprises increasingly focus on implementing energy-saving solutions.
Energy efficiency and conservation measures at Van Dien Fused Magnesium Phosphated JSC 13/10/2024

In July 2024, Van Dien Fused Magnesium Phosphate JSC conducted an energy audit. Energy audit experts assisted the company in identifying the optimal solutions for further energy-saving implementations.
Paper Industry's Efforts to Save Energy 10/10/2024

Energy costs account for 20-30% of total production expenses in the paper and pulp manufacturing sector. Experts believe that the potential for energy savings in this industry is substantial.
Energy efficiency and conservation measures for industrial enterprises 06/10/2024

Energy efficiency and conservation usage in industry are crucial to the development of the economy and society while ensuring national energy security.
Promoting innovative startups in the field of energy efficiency 05/10/2024

Energy efficiency is not just about using less energy, but also about using energy intelligently and optimally. In the context of increasingly scarce energy resources and the threat of climate change, improving energy efficiency has become an urgent task for every country and individual.
Thua Thien Hue: Businesses partner with energy efficiency program 04/10/2024

Many businesses in Thua Thien Hue Province have adjusted their operations, shifting production to off-peak hours and optimizing equipment to support the power sector’s electricity efficiency initiatives.
Hoa Sen Nghe An implemented energy management and savings 03/10/2024

Hoa Sen Nghe An Co., Ltd. prioritizes implementing energy management solutions and advanced technical solutions aimed at efficient energy use, a top concern for the company.