US ethanol industry leaders sign MOU with largest petroleum distributor in Vietnam
In Washington, D.C., the U.S. ethanol industry, including leaders from the Renewable Fuels Association, U.S. Grains Council, and Growth Energy, signed a memorandum of understanding (MOU) with Petrolimex, Vietnam’s largest petroleum distributor. The MOU supports the increased use of ethanol in Vietnam’s fuel mix, aligning with the government’s directive to promote ethanol usage. This partnership aims to enhance bilateral trade, strengthen Vietnam’s fuel ethanol supply chain, and boost energy security.
Yesterday in Washington, D.C., the U.S. ethanol industry – including leaders from the Renewable Fuels Association, U.S. Grains Council and Growth Energy – signed a quadripartite memorandum of understanding (MOU) with Petrolimex, the largest petroleum distributor in Vietnam, recognizing the economic, environmental, human health and energy security benefits of increasing the use of fuel ethanol in transportation fuel mixes.
The MOU will help Petrolimex align its business with the Government of Vietnam’s recent directive to promote the implementation of greater ethanol usage in the country.
The U.S. ethanol industry leaders said collectively that “This event is a big first step toward building Viet Nam’s capacity to leverage fuel ethanol so the country may take advantage of all the benefits ethanol provides. It promises to deepen our bilateral economic cooperation and trade between our countries. The U.S. ethanol industry is excited to work with the leaders in Viet Nam to bolster Petrolimex’s and Viet Nam’s fuel ethanol supply chain and infrastructure.”
U.S. ethanol industry leaders signing the MOU included RFA General Counsel and Vice President, Government Affairs Edward S. Hubbard, Jr.; USGC Chairwoman Verity Ulibarri; and Growth Energy CEO Emily Skor.
The ceremony also included Vietnamese representatives including the Minister of Industry and Trade (MOIT) Nguyen Hong Dien, Petrolimex Vice General Director Nguyen Xuan Hung, Vietnamese Ambassador Nguyen Quoc Dzung, and other leaders. Also present were representatives from the U.S. Department of State and U.S. Department of Energy.
The MOU follows the Viet Nam Ministry of Industry & Trade in December 2024 signing into law a directive aiming to boost fuel ethanol utilization across the country. The directive outlines steps and measures for industry and government stakeholders to promote fuel ethanol, develop new pricing mechanisms for ethanol blended gasoline and weigh potential policy actions related to the expanded use of fuel ethanol.
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Source : Ethanol Producer Magazine
