Vietnam to promote biofuel production

Posted By: Religare
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Vietnam has ramped up efforts to promote biofuel production in the country under the plan on biofuel development to 2015 with a vision to 2025. The country is focusing on production of 'green gasoline' from cassava, coconut, sesame, peanut, flax and Jatropha, and from animal products such as catfish fat. Incentives shall be given by the ministries for the production and use of biofuel, defined as fuel made from these raw materials. Under the plan, Vietnam will have annual production of 1.8 million tons of ethanol and vegetable oils for use as fuel. The production shall help in meeting 5 percent of domestic petrol and diesel demand in the next 15 years.

Story first published: Wednesday, September 29, 2010, 10:18 [IST]
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