Unprofitable ethanol projects see light at end of tunnelVietNamNet Bridge - With the state’s policy of using E5 biofuel throughout the country from early 2018, ethanol projects that have been unprofitable will resume their operations, according to PetroVietnam’s CEO Nguyen Vu Truong Son. PetroVietnam on September 6 stated the national oil and gas group has completed the assessment of solutions to deal with unprofitable PetroVietnam-invested projects as per the government’s request. PetroVietnam on September 6 stated the national oil and gas group has completed the assessment of solutions to deal with unprofitable PetroVietnam-invested projects as per the government’s request. However, the government’s decision on replacing RON 92 petrol with RON 95 and E5 will help ethanol plants revive. Only two ethanol projects of Tung Lam Company in Dung Quat have been operating in a stable manner, while the other projects all have taken losses.

Source: VietNamNet News September 13, 2017 09:45 UTC