Tag: Vietnam

Vietnam lowers fuel prices in line with falling petroleum with E5 at 84 cents per liter

Vietnam lowers fuel prices in line with falling petroleum with E5 at 84 cents per liter

November 6, 2018 |

In Vietnam, the government has reduced the pump price of E5 to 84 cents per liter in an attempt to boost demand as uptake continues to be slow. E0 as well as diesel prices were also lowered, while kerosene remained unchanged. The ministries lowered the fuel prices in response to fossil fuel prices dropping by […]

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Vietnam to allow Phu Tho ethanol plant to go bankrupt

Vietnam to allow Phu Tho ethanol plant to go bankrupt

November 5, 2018 |

In Vietnam, the government is expected to allow the Phu Tho ethanol plant to go bankrupt despite the push to bring mothballed plants back online as it seeks to boost domestic production because the business model of the facility mixed with its unfavorable location mean it will never be viable. Construction started on the $74 […]

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E5 demand finally picking up in Ho Chi Minh City

E5 demand finally picking up in Ho Chi Minh City

October 16, 2018 |

In Vietnam, the Saigon Times reports that the government’s efforts to promote E5 are at last beginning to pay off as consumption rises in Ho Chi Minh City to more than 30,000 cubic meters per month, more than 3.5 times original volumes when the fuel was first launched. E5 is now priced at a discount […]

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Vietnam’s Dung Quat ethanol plant online after three-year hiatus

Vietnam’s Dung Quat ethanol plant online after three-year hiatus

October 15, 2018 |

In Vietnam, after being offline for three years, the controversial Dung Quat ethanol plant resumed production over the weekend in a run-up to commercial production following tweaks that will be made later in the month after the trial run. Only 2,000 metric tons will be produced during the initial start up phase, then another 7,000 […]

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Vietnam’s biofuel consumption sky rockets from 9% to 40% in a year

Vietnam’s biofuel consumption sky rockets from 9% to 40% in a year

September 15, 2018 |

In Vietnam, biofuel consumption is increasing thanks to the government’s push for mass commercial usage of biofuel nationwide this year, with E5 RON 92 going from only 9% of total petrol consumption last year to an impressive 40% of total petrol consumption this year. According to the Ministry of Industry and Trade, biofuel consumption topped […]

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Vietnamese drivers prefer premium fuels to E5

Vietnamese drivers prefer premium fuels to E5

August 7, 2018 |

In Vietnam, Platts reports that similar to the reaction of Australian drivers with the introduction of E10, drivers in Vietnam are preferring to fill up with 95 octane gasoline rather than 92 octane that has 5% ethanol despite the lower price. The preference for E0 fuels has prompted additional imports of gasoline rather than reducing […]

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Vietnam to invest $100 million in University of Central Florida cabolosic technology

Vietnam to invest $100 million in University of Central Florida cabolosic technology

June 26, 2018 |

In Vietnam, the Ministry of Science & Technology along with other local partners will invest $100 million in a carbolosic biomass treatment plant that will produce aviation biofuels and other bioproducts from waste. The technology was developed by the University of Central Florida and incorporates cellulose hydrolysis into low cost modules that allow flexibility in […]

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Two Vietnamese ethanol plants to be brought back online this year

Two Vietnamese ethanol plants to be brought back online this year

June 25, 2018 |

In Vietnam, Binh Phuoc Ethanol and Dung Quat ethanol plants will be brought back online in an effort to help supply fuel for the country’s 5% ethanol mandate thanks to capital injections from existing shareholders. The Binh Phuoc facility was mothballed in 2015 after coming online in 2012 and has a total production capacity of […]

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Vietnam raising environmental tax on petrol, affects biofuel

Vietnam raising environmental tax on petrol, affects biofuel

April 29, 2018 |

In Vietnam, the Ministry of Finance’s amendment to the Environment Protection Tax Law is drawing protests from biofuel producers as it impacts E5. Starting in July, every liter of petrol will be charged an additional VND1,000 in environmental tax. Tran The Truyen, CEO of Saigon Petro, told VietNamNet Bridge, that if the tax rates are […]

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Vietnam opens market back up to DDGS

Vietnam opens market back up to DDGS

January 30, 2018 |

In Vietnam, considerable concern surrounded the export potential for U.S. distillers dried grains with solubles (DDGS) following an adverse trade policy decision by Vietnam, a historic top buyer, in December 2016. Instead, other countries in the region increased DDGS purchasing, the Vietnamese market re-opened and the region set a new record at 2.3 million metric […]

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