icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
18 Jun, 2008 10:40

Vietnam venture: Biofuels firm makes its first foreign leap

The Russian state corporation Rostechnologies is to launch production of biofuels in Vietnam. It would be the first foreign project for the company.

The new division of the Biotechnologies state corporation plans to build a bioethanol producing plant together with PetroVietnam and domestic financial group Metropol, acoording to the Kommersant business daily.

The plant will produce up to 100 thousand tonnes of bio-fuel annually.

Some experts, however, are sceptical about the chances of success for the project, due to the high price of raw materials and the lack of development in the region’s biofuels market.
So far, Russian companies’ dealings with PetroVietnam have been limited to oil and gas.