Phu Yen co-operates with foreign partners to develop raw material areas

The two parties will study the potential of developing raw material areas and the application of advanced Japanese agricultural automation technology to the production process; conduct a feasibility study for the construction of a sorghum tablet production plant; and research opportunities to develop biomass thermal power plants.

They will also study the feasibility of logistics cooperation to export sorghum pellets to Japan, including the possibility of developing an international bulk cargo port in Phu Yen.

In Vietnam, the company is promoting large-scale development and cultivation of biomass fuel (new sorghum) with the support of the government of Vietnam and will be participating in the market of Vietnam in earnest by starting biomass power generation business in addition to fuel business.

In October, EREX issued a decision to invest in Hau Giang. Accordingly, it will establish a joint venture with Power Engineering Consulting JSC under the umbrella of the Electricity of Vietnam, Son My Renewable Energy JSC, and local fuel supply companies to construct and operate biomass power plants.