(Notícia em Inglês)
Vietnam said it has intensified efforts to promote biofuel production in the country under the plan on biofuel development to 2015 with a vision to 2025.
According to country’s energy ministry, Vietnam is focussing on production of ‘green gasoline’ from cassava, coconut, sesame, peanut, flax and jatropha, and from animal products such as catfish fat.
The government has instructed ministries to give incentives for the production and use of biofuel, defined as fuel made from these raw materials.
Will edible oil prices continue to weaken? For latest trends and insightful analysis on India’s oilseeds market, subscribe to Commodity Online Info Service
Under the plan on biofuel development to 2015 with a vision to 2025, Vietnam will produce 1.8 million tons of ethanol and vegetable oils for use as fuel annually, meeting 5 percent of domestic petrol and diesel demand in the next 15 years.
Many countries already manufacture large amounts of biofuels, especially in the US and Brazil. Once a big importer of oil, Brazil has substantially reduced its requirement thanks to biofuel development.
Some Asian countries are strongly investing in biofuels, among them Thailand, China and India.
commodityonline.com»
Vietnam said it has intensified efforts to promote biofuel production in the country under the plan on biofuel development to 2015 with a vision to 2025.
According to country’s energy ministry, Vietnam is focussing on production of ‘green gasoline’ from cassava, coconut, sesame, peanut, flax and jatropha, and from animal products such as catfish fat.
The government has instructed ministries to give incentives for the production and use of biofuel, defined as fuel made from these raw materials.
Will edible oil prices continue to weaken? For latest trends and insightful analysis on India’s oilseeds market, subscribe to Commodity Online Info Service
Under the plan on biofuel development to 2015 with a vision to 2025, Vietnam will produce 1.8 million tons of ethanol and vegetable oils for use as fuel annually, meeting 5 percent of domestic petrol and diesel demand in the next 15 years.
Many countries already manufacture large amounts of biofuels, especially in the US and Brazil. Once a big importer of oil, Brazil has substantially reduced its requirement thanks to biofuel development.
Some Asian countries are strongly investing in biofuels, among them Thailand, China and India.
commodityonline.com»