Ninh Thuan attracts FDI in ethanol production

Photo: Reuters

The central province of Ninh Thuan has become the third locality in Vietnam that received foreign directed investment (FDI) in producing bio-ethanol.

Covering an area of 60 hectares at Phuoc Nam Industrial Park, the US$50 million manufacturing complex for ethanol, fertilizers and animal feeds of Thai-Viet Bio Ethanol Jsc is a joint venture between Thai investors, which holds 70 percent of stake and Vietnamese partners.

Set to begin construction in 2011 and go into operation by the end of 2012, the project will provide over 60 million of litres of ethanol annually for the domestic market and overseas markets such as Japan, Thailand, the Republic of Korea and the European Union.

In addition to manufacturing facilities, the company also plans to invest in material trees planting, thus generating jobs for thousands of farmers in Ninh Thuan and neighbouring provinces.

Earlier, two projects with a combined annual capacity of 220 million of litres of ethanol by Japanese investors were also licensed in the Central Highland province of Dak Lak and the southern province of Binh Phuoc.

Considered a clean fuel, bio-ethanol is likely to replace the traditional fossil fuels in the future.

Attracting FDI in using or producing clean energies for sustainable growth is also one of priorities of the Vietnamese government.

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Ninh Thuan attracts FDI in ethanol production

The central province of Ninh Thuan has become the third locality in
Vietnam that received foreign directed investment (FDI) in producing
bio-ethanol.

Covering an area of 60 hectares at Phuoc Nam Industrial Park, the 50
million USD manufacturing complex for ethanol, fertilizers and animal
feeds of Thai-Viet Bio Ethanol Jsc is a joint venture between Thai
investors, which holds 70 percent of stake and Vietnamese partners.

Set to begin construction in 2011 and go into operation by the end
of 2012, the project will provide over 60 million of litres of ethanol
annually for the domestic market and overseas markets such as Japan,
Thailand, the Republic of Korea and the European Union.

In addition to manufacturing facilities, the company also plans to invest in material trees planting, thus generating jobs
for thousands of farmers in Ninh Thuan and neighbouring provinces.

Earlier, two projects with a combined annual capacity of 220 million
of litres of ethanol by Japanese investors were also licensed in the
Central Highland province of Dak Lak and the southern province of Binh
Phuoc.

Considered a clean fuel, bio-ethanol is likely to replace the traditional fossil fuels in the future.

Attracting FDI in using or producing clean energies for sustainable
growth is also one of priorities of the Vietnamese government./.

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Ninh Thuan licenses big FDI ethanol project

(From right) Jindaratana Twiltermsup (3rd), chairwoman of the BIO Ethanol Thai-Viet Joint Stock Company, shows the investment certificate after receiving it at a function in Ninh Thuan Province last week - Photo: Courtesy of BIO Viet Thai Company

HCMC - The central province of Ninh Thuan has licensed a US$50-million project by BIO Ethanol Thai-Viet Joint Stock Company for developing a manufacturing complex for ethanol, fertilizers and animal feeds.

Nguyen Chi Dung, chairman of the province, presented the investment certificate to Jindaratana Twiltermsup, chairwoman of the BIO Ethanol Thai-Viet Joint Stock Company, at a function in the province. This is the biggest FDI project licensed there this year.

The company is a joint venture between three Vietnamese shareholders and BIO Ethanol Thailand Co., Ltd. with the foreign partner contributing 70% of the capital.

The joint venture has plans to lease more than 60 hectares in Phuoc Nam Industrial Park in the province to develop the project, which will include an office block, a research and development (R&D) facility, and supporting areas for waste and water processing.

Responsible for the project design and construction will be EC Chemical Bio Co. Ltd., a leading contractor in design, development and training for ethanol factories and holder of American Katzen license in applying the latest ethanol technologies, according to the company in a statement.

According to plan, the company will prepare for the construction and installation of the manufacturing facilities next year to be operational at the earliest by the end of 2012 or early 2013.

The project upon completion will expectedly supply more than 60 million of litters of ethanol each year for domestic consumption and export to key markets of Europe, Japan, Thailand, and Korea among others, according to the company.

The company will also manufacture 11.3 tons of fertilizer and 39 tons of animal feeds made from wastes per day.

Besides, the firm will also grow tens of thousands of hectares of material crops for the plant. The factory, when reaching full capacity, will need a huge workforce and thus provide stable employment and livelihood for thousands of farmer households in Ninh Thuan and nearby provinces.

Produced by fermenting and distilling low-cost starch-containing cereals or plants and trees containing cellulose, ethanol is drawing the interest of many governments as a less polluting and energy saving substitute fuel.

In line with the Biological Energy Development Project by 2015 and vision by 2025 approved by the Prime Minister on November 20, 2007, projects in this field are receiving substantial support from local authorities.

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