Thai-Viet Company to build $50m factory
06/09/2010 08:59 am
News - Thai-Viet Bio-ethanol Company received a
license early this week to build a factory to produce ethanol, fertilisers and
animal feeds. The factory, located in the central province of Ninh Thuan, has
an investment capital of VND950 billion (US$50 million).
It is slated to start construction in 2011 and come
into operation in early 2013. The plant is expected to produce 60 million
tonnes of ethanol per year for export and domestic demand.
The company also plans to establish an R&D
centre in the province’s Phuoc Nam Industrial Park to support the factory’s
construction and operation.
Source: VNS
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