PONGNEA LEU, Cambodia, Nov. 17 (Xinhua) -- Cambodia opened its first ethanol factory to generate bio-fuel from cassava flour here on Monday.
"This is the first ethanol factory in Cambodia and it will become the market place of cassava product for local farmers," Prime Minister Hun Sen said at the opening ceremony of the pioneer venture invested by the MH Bio-energy Group of South Korea.
It will directly provide 192 job opportunities for local workers and encourage farmers to plant more cassava, he said, adding that the factory itself has made investment to grow cassava on 8,000 hectares of land in Kampong Speu province.
The project, with 40 million U.S. dollars of investment, has already opened two branches in Kampong Cham and Battambang provinces to purchase cassava from local farmers, he added.
Industry, Mines and Energy Minister Suy Sem said at the ceremony that the factory now has a designed capacity of 36,000 tons of ethanol fuel for export per year, especially to the European market.
"The factory has a plan to double its export volume during the next few years. It now needs about 100,000 tons of dry cassava flour each year," he said, adding that its ethanol fuel can replace gasoline for vehicles.
Sar Peov, head of the administration unit of the factory, told Xinhua that a ton of ethanol fuel currently sells at about 700 U.S. dollars on the international market.
"We focus on foreign market because Cambodia has a small market for ethanol products and the vehicles here use gasoline and diesel," he said.
We will focus on the Cambodian market later, he added.
Cassava is one of the most important economic crops in rural Cambodia.
According to the official figures, around 30,000 hectares of land were planted with cassava in 2005 in the kingdom, with a turnout of around 536,000 tons of flour.
"This is the first ethanol factory in Cambodia and it will become the market place of cassava product for local farmers," Prime Minister Hun Sen said at the opening ceremony of the pioneer venture invested by the MH Bio-energy Group of South Korea.
It will directly provide 192 job opportunities for local workers and encourage farmers to plant more cassava, he said, adding that the factory itself has made investment to grow cassava on 8,000 hectares of land in Kampong Speu province.
The project, with 40 million U.S. dollars of investment, has already opened two branches in Kampong Cham and Battambang provinces to purchase cassava from local farmers, he added.
Industry, Mines and Energy Minister Suy Sem said at the ceremony that the factory now has a designed capacity of 36,000 tons of ethanol fuel for export per year, especially to the European market.
"The factory has a plan to double its export volume during the next few years. It now needs about 100,000 tons of dry cassava flour each year," he said, adding that its ethanol fuel can replace gasoline for vehicles.
Sar Peov, head of the administration unit of the factory, told Xinhua that a ton of ethanol fuel currently sells at about 700 U.S. dollars on the international market.
"We focus on foreign market because Cambodia has a small market for ethanol products and the vehicles here use gasoline and diesel," he said.
We will focus on the Cambodian market later, he added.
Cassava is one of the most important economic crops in rural Cambodia.
According to the official figures, around 30,000 hectares of land were planted with cassava in 2005 in the kingdom, with a turnout of around 536,000 tons of flour.
9 comments:
Hi !
In earlier topic has said that cassava has no market and the price of cassava has dropted down to the lowest level. I have happy to see this new topic. I hope cassava which our farmers have been crew will consumpt in this factory...
fuck the project
I will never trust Koreans. They have a sense of perceiving themselves as a superior nation in Asia. They only give respect for the whites not for poor Cambodians.
They manupulating the market price, and take the advantage of that to buy from farmers in much lower price.
One day Cambodians will learn the lesson and will never want to make friend with them any more.
I'm not sure 4:30 pm is a protectionist or he has no any knowledge about trade or economics..??? But at least, he should try to expand his horizon.
This is a great piece of news to me as a local Khmer.
BUT PLEASE MAKE SURE THE SEVER POLLUTION OF A NATURAL LAKE AT WHICH THIS FACTORY IS LOCATED, TOTALLY STOPPED.
REMEMBERED THERE WAS A HOT NEWS ON ALL LOCAL MEDIA ABOUT THIS FACTORY POLLUTED THE LAKE WHICH TURNED THE WATER RED COLOR AND CAUSED DEATH OF MILLIONS OF FISHES AND OTHER WILDLIFE.
The very first ones in line to obtain this so-called job creation are those corrupted son-of-bitches. If you're one of the ordinary, forget it. Again, fuck the project.
Ah Kvang Hun Xen talk very stupid and crazy!!!!!
He is Phd,Dr,and ....!!!
When we hear what he talk,it seem hewas never in the school!!!!
Good to hear that we have market for cassava. Is anyone know how much per tons of cassava the is company buy from farmer? because i can grow cassava if the price per ton or kg little higher than corn. Growing cassava is very easy..
may god bless cambodia to develop more and more so our people can learn from the rest of the world on everything we don't have.
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