LCG: Information disclosure
Licogi 16 Joint Stock Company (LICOGI 16) has announced LICOGI 16 with PV Oil and ITOCHU held a groundbreaking ceremony for the project of a factory producing Bio-ethanol at Binh Phuoc as follows:
1. On 20 February 2010, Orient Bio-Fuels Company Limited (Was founded by 22% of LICOGI 16, 29% of PV Oil and 49% of ITOCHU) held a groundbreaking ceremony for the project of a factory producing Bio-ethanol at Binh Phuoc.
2. Details of the project:
- Target of the project: building and running a factory producing Bio-ethanol for Vietnam industry and transportation.
- Size of the project:
+ The production line from receving material to spliting water with capacity 300,000 liter / day
+ Fire and exploring preventor system
+ Measure and control system
+ Information and connecttion system
+ Sewage disposal system
+ Roads and offices
- Location: Minh Hung Town, Bu Dang Dist., Binh Phuoc Province
- Usage area: About 42.6ha
- Total capital for the project: USD81,000,000
- Operation time: 50 years as from receiving the Investment License
- Starting time for the factory’s operation: Expected in quarter 4/2011.
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