On April 9, Chairman of the Provincial People's Committee Nguyen Hoang Giang attended the Signing Ceremony of the funding agreement for the An Khe Ethanol Plant Investment Project between Vietinbank Quang Ngai and Quang Ngai Sugar Joint Stock Company.
The PPC’s Chairman Nguyễn Hoàng Giang witnesses the signing ceremony
According to the signed agreement, Vietinbank Quang Ngai will provide a credit package of VND 1,183 billion (70 per cent of the total project) for Quang Ngai Sugar Joint Stock Company to implement the An Khe Ethanol Plant y Project.
In addition, Vietinbank Quang Ngai will provide full banking products and services to support the investor to complete the project on schedule.
The An Khe Ethanol Project is implemented in Thanh An Commune, An Khe Town (Gia Lai Province), with a total investment of VND 1,742 billion, utilizing molasses in sugarcane production to continue producing fuel ethanol and other products, contributing significantly to the green transition and reducing CO2 emissions.
This is an important step in Vietnam's renewable energy development strategy, meeting the increasing demand for clean energy and environmental protection.
The project is expected to be implemented in April 2025 and put into operation in November 2027.
Director of Vietinbank Quang Ngai, Do Thi Thuy, speaks at the ceremony
General Director of Quang Ngai Sugar Joint Stock Company, Vo Thanh Dang, speaks at the ceremony
With commitments of the two sides, the Project is expected to be implemented on schedule, contributing to the socio-economic development of the locality.
Minh Thien
