Vietnam, Brazil to Boost Cooperation in Biofuels

Biofuel development and cooperation, particularly in field of ethanol, has topped the aga of meetings between visiting Brazilian president Luiz Inacio Lula da Silva with Vietnamese leaders, state media reported.

 

&ldquoBiofuels is of great important to such countries like Brazil and Vietnam due to potential of job creation, energy access diversification and democratization, reduction of world&rsquos depence on polluting and expensive fossil fuel, and mitigation of greenhouse effect emissions,&rdquo president Da Silva said.

 

&ldquoBiofuels may be a good choice to help countries escape from energy and food unsafety&rdquo, he attributed.

 

Addressing a seminar entitled &ldquoBrazil-Vietnam: Building new cooperation&rdquo July 10, Brazilian Minister of Foreign Trade, Industry and Development Miguel Jorge noted, &ldquoEthanol is a potential field by both countries [Vietnam, Brazil]&rdquo.

 

Vietnam and Brazil July 10 signed an agreement on scientific and technological cooperation as a move to bilateral coordination in the biofuel sector.

 

Brazil is the world&rsquos first and sustainable biofuel economy with advanced technology and competitive prices. Ethanol industry brings in US$19 billion for the Latin American country annually and s over 30,000 jobs.

 

Vietnam plans to turn out 250,000 tons of ethanol and vege oil to fuel 1 per cent of the national gasoline demand by 2015.

 

The country&rsquos first biofuel project is underway in central Quang Nam province since April 2007. (Labor)