PetroVietnam to bring E5 to market

From August 1, PetroVietnam Oil Corp. (PV Oil) will officially distribute E5, a 5% blend of ethanol with 95% gasoline, in 24 selling points in Ho Chi Minh City, Ha Noi, Vung Tau, Hai Phong and Hai Duong, all in Vietnam. Ly Hong Duc, deputy general director of PV Oil, said E5 would sell for VND500 (US$0.03) a liter lower than gasoline A92 initially. The initial subsidy, which is expected to last for six to 12 months, is aimed at promoting E5, which has lower emissions of carbon monoxide than conventional gasoline. (July 30, 2010)