Vietnam
to switch to bio-fuel nation-wide
The
plan to replace RON92 petrol with E5 bio-fuel is underway and is estimated to
take effect from June next year.
The public are being encouraged
to buy bio-fuel
The
Ministry of Industry and Trade is working to implement the plan on time and
deal with possible problems.
E5
is a mix of A92 petrol (95%) and bio-fuel ethanol (5%). The E5 quality by
wholesale and retailers also meet required standards of the Directorate for
Standards, Metrology and Quality under the Ministry of Science and
Technology. There has been no complaint from consumers about the quality of
E5 fuel.
Currently,
most of the ethanol is provided by Tung Lam JSC with capacity of 150,000
tonnes per year to mix over three million E5 fuel.
The
Ministry of Industry and Trade requested to work with the Ministry of Finance
to calculate the prices for the E5 and E10 fuel, develop a mechanism to
manage the market and how to use the price stabilisation fund.
Ministries,
departments and local authorities are asked to popularise the use of bio-fuel
to the public. PetroVietnam, Petrolimex and retailers are asked to ensure the
supply and open more plants in Vietnam.
In
August, Deputy Minister of Industry and Trade Do Thang Hai said E5 had been
sold in Quang Ngai, Quang Nam, Da Nang, Hanoi, HCM City, Hai Phong, Can Tho
and Ba Ria-Vung Tau.
Hai
said the bio-fuel prices were not attractive enough because of the high price
of ethanol and declining price of petrol.
"Businesses
are not keen on bio-fuel because of lower revenues and customers habitually
buy RON92," he said.
By
Phuong Dung, dtinews.vn
|
Thứ Tư, 30 tháng 11, 2016
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