Deal #3374 | Version 60411 | Version 86088 |
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General info | ||
Size under contract (leased or purchased area) |
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Size in operation (production) |
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Comment on land area | Raw material is supplied by contract farmers (from their own fields).
The company raises a 10 ha model farm in the factory and demonstration fields over 20
ha in communes. Another sourse of information says 44 hecta in 2016 : http://tuoitrenews.vn/business/34126/ethanol-plants-in-troubles-as-vietnams-plan-to-boost-biofuel-fails | Raw material is supplied by contract farmers (from their own fields).
The company raises a 10 ha model farm in the factory and demonstration fields over 20
ha in communes. |
Implementation status |
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Comment on implementation status | In the southern province of Binh Phuoc, the Ethanol Binh Phuoc plant, developed by Orient Bio-fuels Co. for $84 million, has also been closed after only a short trial run. See http://tuoitrenews.vn/business/34126/ethanol-plants-in-troubles-as-vietnams-plan-to-boost-biofuel-fails | βConsidered as one of 12 weak and loss-making projects of the Industry and Trade industry. The project is still in a state of disrepair despite having undergone a period of poor handling.
Completion and be in commercial operation from April 2012 to April 2013, the project stopped production due to difficulties in the output product market leading to losses.
See: https://baodautu.vn/nha-may-nhien-lieu-sinh-hoc-binh-phuoc-lo-luy-ke-1450-ty-dong-d122891.html
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Employment | ||
Comment on jobs created (total) | Weeds and grass now cover the 44 hectare facility, and only a handful of people remain in charge of taking care of the plant. See http://tuoitrenews.vn/business/34126/ethanol-plants-in-troubles-as-vietnams-plan-to-boost-biofuel-fails | |
Investor info | ||
Local communities / indigenous peoples | ||
Former use | ||
Produce info | ||
Water | ||
Gender-related info | ||
Overall comment | ||
Overall comment | "The latest report on the project shows that, at present, it is being implemented under Option 1 (temporarily suspending the Plant and reopening it when convenient). However, in fact, the equity was negative; The more time goes on, the more accumulated losses, bank debt, and negative equity will increase.
The Government's assessment said that the implementation under Option 2 (financial leasing - sale of assets) has not been implemented because there are no interested partners, while the implementation under Option 3 (initiation) operation, re-operating the Plant and selling/divesting PVOil's capital) is also difficult, PVOil has worked with many partners to divest but to no avail."
See: https://baodautu.vn/nha-may-nhien-lieu-sinh-hoc-binh-phuoc-lo-luy-ke-1450-ty-dong-d122891.html
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Meta | ||
Fully updated | No | Yes |
Locations | ||
Data sources | ||
Data source #sJs9Xk-r | ||
File | ||
Type | Company sources | Media report |
Url | ||
Publication title | Orient Bio-fuels Company Limited | Orient Bio-fuels Co Kicks of Binh Phuoc Bio-ethanol Ethanol |
Date | 2009-01-01 | 2010-03-24 |
Comment on data source | Info about the company and investment chain | |
Data source #rpUE4zEU | ||
Url | ||
Comment on data source | the URL was broken may causing from the project was stopped, keep the pdf file to have info. | |
Data source #aGyqsF6Z | ||
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Data source #y7Jw9Afw | ||
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Data source #rYSSGM7d | ||
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Data source #SZt6bVx3 | ||
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Data source #na74nt4V | ||
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Comment on data source | Cannot find the URL. Keep the pdf file for reference | |
Data source #vt88sEu3 | ||
Type | Media report | |
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Keep PDF not public | No | |
Publication title | Biofuel plan may fail as ethanol plants face production problems | |
Date | 2017-05-07 | |
Comment on data source | The project was failed. "However, three ethanol plants in Binh Phuoc, Quang Ngai and Phu Tho with total capacity of 300 million liters per annum all have been unprofitable and either have been left idle or running at moderate level. No solution to revive the plants has been found." | |
Contracts |