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Nov 22, 2007 / 16:39

Bio-fuel development project approved

Under the PM’s decision, between now and 2010, Vietnam will build mechanisms, policies and legal documents to create a legal framework for investment in developing bio-fuel and expanding its use.

Hanoi Times - The Prime Minister o­n November 20 gave the go ahead to a project to develop bio-fuel, a source of renewable and environmentally friendly energy, by 2015.

Under the PM’s decision, between now and 2010, Vietnam will build mechanisms, policies and legal documents to create a legal framework for investment in developing bio-fuel and expanding its use.

The country will map out a roadmap to partly use bio-fuel instead of fossil fuels as well as zone off regions to provide materials for bio-fuel production.

Pilot bio-fuel production models with capacities ranging from 50,000 to 100,000 tonnes per year will be developed in an attempt to replace 0.4 percent of the country’s petroleum demand.