In 2013, IEV implemented its strategic plan to meet the energy mix requirements through its first biomass plant in the Mekong Delta, the “Rice Bowl of Southern Vietnam”. IEV aims to create a premier biomass brand from Asia for both the domestic and international markets by tapping into the huge biomass potential, which is derived from agricultural waste in Vietnam. Rice husk, a waste product from rice production will be used as feed stock to manufacture briquettes/pellets to fuel boilers in factories and power plants.
Milestones achieved to date :
In 1Q2014, IEV secured the necessary funds and Certificate of Investment enabling the formation of IEV Vietnam Joint Stock Company to commence construction of the plant. During the same quarter, IEV completed land filing and compacting works on the plant location. In 2Q2015, groundbreaking ceremony was conducted in May 2015 to mark the start of the construction phase.
Stay tuned for more updates.