The BIO Ethanol Thai-Viet Joint Stock Company on August 30, 2010 announced to have acquired the Investment Certificate to start building a manufacturing complex for ethanol, fertilizers and animal feeds at Phuoc Nam Industrial Park, Ninh Thuan province.
Capitalized at US$50 million, Thai-Viet Co. will be the largest ever project licensed in the inflow of foreign direct investment in Ninh Thuan province in 2010.
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 'clean', less polluting and energy saving substitute fuel.
In line with the Biological Energy Development Project by 2015 and vision by 2025approved by the Prime Minister on November 20, 2007, projects in this field are receiving substantial support from various levels of the government, in the case of the Thai-Viet Ethanol plant, the profusely dedicated leadership of Ninh Thuan province.
Thai-Viet Co. plans to lease more than 60 ha of land in Phuoc Nam Industrial Park to build office compounds, research and development (R&D) facility, plant systems and supporting areas for waste and water processing. Responsible for the project design and construction will be EC Chemical Bio Co. Ltd., Brazilian Planalcool’s Asia Pacific independent partner, 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 plan, Thai-Viet Co. will urgently step up the development of its office quarter in the coming months and prepare for the construction and installation of the manufacturing facilities in 2011 to be operational at the earliest by the end of 2012 or early 2013.
Having an ethanol plant in Ninh Thuan will be the promising dawn of a new era of development in the province. With a total investment of US$50 million, the project is expected to provide more than 60 million of litters of ethanol each year for domestic consumption and export to key markets of Europe, Japan, Thailand, Korea, among others, and contribute dozens of billions of dong to the provincial coffers.
Parallel to the development of the manufacturing facility, the firm will 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.
T.N
Vietnamese
