Milestone to build bioethanol plant in Vietnam

Vietnam’s Dak Lak People’s Committee has agreed to allow Milestone Co. Ltd. (Japan) to build a factory producing bioethanol. The Japanese company will invest US$60 million in the factory which will be built on 20 hectares of land in the Hoa Lac Industrial Zone. Construction of the factory will start in 2010 and is estimated to be operational by 2012. (December 15, 2009)