PVX to fast track construction of ethanol plant

PetroVietnam Construction JSC (PVX), a subsidiary of state-owned Vietnam Oil and Gas Group, said it will fast track the construction of an ethanol plant being built in the northern province of Phu Tho in the Tam Nong district. With a capacity to process 260,000 tons of cassava, the plant is the first of its kind in northern Vietnam. Output is 100 million liters of ethanol per year. Other by-products include industrial alcohol, carbon dioxide and animal feed additives. Total investment in the plant is US$80 million. (June 30, 2011)