Vietnam has a biofuel industry

That is the judgment of Dr. Nguyen Phu Cuong, Deputy Director of Science and Technology Department (Ministry of Industry and Trade) at the 8th Biomass Asia Conference (8th Biomass-Asia Workshop) by the Vietnam Institute of Science and Technology in collaboration with the Faculty of Science Japan National Advanced Technology and Industry (AIST) and Japan New Energy Fund (NEF) held on November 29 in Hanoi.

2011-2015 period Vietnam will start producing additives and enzymes as well as raw materials for biofuel production and expand production, expand the scale of biofuel production plants.

A bio-petrol selling point

By 2015, domestic ethanol and biodiesel production will reach 250 thousand tons, meeting 1% of the country's petroleum demand. By 2025, Vietnam has a modern biofuel industry, biofuel output reaches 1.8 million tons, meeting 100% of national demand for gasoline E5 and B5, meeting 5%. gasoline demand of the whole country.

According to reports of many experts, in the coming time, if Vietnam does not discover new oil fields with large reserves, with the current exploitation output, it is forecasted that in 2025 Vietnam will basically deplete oil resources. gas. To reduce dependence on oil and coal, the Vietnamese government has implemented a policy of diversifying energy sources such as nuclear energy, wind energy, solar energy and especially bio-fuels. learn.