Itochu to invest in PetroVietnam's ethanol program

In Vietnam, Japan’s Itochu will invest an undisclosed amount in PetroVietnam’s ethanol production program. The cassava-based ethanol facility will produce 100,000 kiloliters of ethanol annually beginning in the spring of 2012. PetroVietnam’s oil division will be in charge of marketing the ethanol for local consumption under the country’s E5 blending mandate.

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