Wednesday, 30/10/2024 | 16:30 GMT+7
Join hands with farmers
Petrol Viet Nam Corporation (PVN) has so far established 3 ethanol factories in
Phu Tho, Quang Ngai and Binh Phuoc, each of which has a capacity of 100 million
liters per year. These regions are regarded as having the favorable type of
soil as well as suitable socio-economic condition for growing cassava plants as
raw materials for ethanol.
It is calculated that when first introduced to the market, clean fuel constituted 0.1% of the total petroleum demand in the country and the rate is likely to increase to 1% in 2015. In addition, when PVN and PV OIL raise the rate of pure gasoline to 10% in its future products – the E10 and E15 gasoline, the quantity of raw materials will have to increase to meet production demand. This means that hundreds of households will have the chance to join hands with the PVN in the project of economic development.
Is clean gasoline consumer friendly?
Clean gasoline has been introduced to the market since the beginning of August,
sold in 12 experimental locations in 5 provinces. Overall it has sold quite
well because its current price per liter is 500 dong lower than that of the A92
gasoline. However, in the long run it is doubtful whether the price of clean
gasoline will continue in the direction of being "consumer friendly"
or not. It is observed that in other developed countries in Europe or North
America production cost of biological fuel is relatively high and
On the other hand, considering the aspect of
national benefit, biological fuel has helped
Therefore, the government has set out to create a specific schedule for the establishment of a clean fuel market as a part of the biofuel development project for 2015 and vision for 2025.