Ninh Thuan licenses ethanol project

The central province of Ninh Thuan has licensed a US$50 million project by Bio Ethanol Thai-Viet Joint Stock Co. 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 BioEthanol Thai-Viet Joint Stock Co. The project is the biggest foreign direct investment (FDI) project licensed 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, which will include an office block, a research and development (R&D) facility, and supporting areas for waste and water processing. According to the plan, the company will prepare for the construction and installation of the manufacturing facilities next year, to be operational at year-end 2012 or early 2013. The plant will supply more than 60 million of liters of ethanol each year for the domestic and export markets. (September 1, 2010)