Ninh Thuan licenses big FDI 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. This is the biggest foreign direct investment (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. According to the plan, the company will prepare for the construction and installation of the manufacturing facilities next year, with operations to start by the end of 2012 or early 2013.  The project will supply more than 60 million of liters of ethanol each year for domestic consumption and export markets. (September 7, 2010)