Yesterday in Washington, D.C., the U.S. ethanol industry – including leaders from the U.S. Grains Council (USGC), Growth Energy and the Renewable Fuels Association (RFA) – signed a quadripartite Memorandum of Understanding (MOU) with Petrolimex, the largest petroleum distributor in Viet Nam, 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 Viet Nam’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 USGC Chairwoman Verity Ulibarri, Growth Energy CEO Emily Skor and RFA General Counsel and Vice President, Government Affairs Edward S. Hubbard, Jr.
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.
U.S. Grains Council Newsroom
Comments