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E5 biofuel consumption on the rise in HCMC
The Saigon Times Daily
Monday,  Oct 15, 2018,14:13 (GMT+7)

E5 biofuel consumption on the rise in HCMC

The Saigon Times Daily

A staff of a gas station refills a motorcycle in HCMC - PHOTO: THANH HOA

HCMC – Data from the HCMC Department of Industry and Trade shows that the city has seen fuel consumption total 130,100 cubic meters per month since the beginning of this year, with E5 biofuel amounting to 30,022 cubic meters per month, rising 3.6 times compared to that in the first days of the deployment period of using E5 biofuel across the city, and representing 23.08% of the total, Sai Gon Giai Phong news site reported. 

After multiple upward price adjustments, E5 biofuel is now priced at VND20,906 per liter, while fossil fuel RON 95 gasoline sells for VND22,347 per liter. Although the price difference between E5 and RON 95 is not too wide, these figures indicate that biofuel is gradually gaining popularity among customers.

The Ministry of Industry and Trade earlier publicized statistics showing that domestic fuel consumption totaled 4.43 million cubic meters in the first half of 2018, of which E5 biofuel amounted to 1.78 million cubic meters, representing a staggering 40.2% of the total.

Regarding the materials used to create E5 biofuel, Tung Lam Company is Vietnam’s only company to supply pure ethanol (E100) to Vietnamese oil enterprises for mixing and producing E5 biofuel. Besides this, some enterprises have proactively imported pure ethanol to secure the nationwide fuel supply.

The Dung Quat bio ethanol plant, which has successfully resumed operations, is slated to become fully operational by mid-October. The facility is expected to run at a minimum capacity of 65%, turning out 2,000 cubic meters of ethanol, which will bolster the ethanol supply for E5 biofuel producers.

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