Binh Son Refining and Petrochemical Joint Stock Company - BSR: Journey of green energy and fuel conversion

In the context of the Vietnamese Government promoting the roadmap to mandate the use of E10 biofuel from the beginning of 2026 nationwide to fulfill Net-Zero commitments by 2050, Binh Son Refining and Petrochemical Joint Stock Company (BSR) is actively implementing this roadmap, including solutions to restore production at Dung Quat Biofuel Plant.

At the conference summarizing the first six months of 2025 on the supply of petroleum products to the market and outlining directions and tasks for the last six months of 2025, chaired by the Minister of Industry and Trade , the Vietnam National Energy Corporation (Petrovietnam) and BSR Company reported on the national plan and roadmap for biofuels. This included the production of E10 gasoline using biofuels from the Dung Quat Ethanol Plant.

The mandatory roadmap for using E10 bioethanol fuel from the beginning of 2026 was thoroughly discussed by BSR at the BSR Party Committee Executive Meeting on the implementation of the Party Congress Resolution for the 2025-2030 term, defining the development strategy until 2030, the vision until 2045, the mid-year review meeting and the implementation of tasks for the last six months of 2025; and simultaneously promoting the implementation of the contents of Resolution No. 57 on green transformation, digital transformation and Vietnam's commitments at the COP26 Conference. BSR has set out many plans and strategies aimed at sustainable development, reducing emissions, enhancing competitiveness and adapting to the global energy transition trend.

This is a strategic step aimed at proactively securing domestic ethanol supply, reducing dependence on imports, and contributing to environmental protection and reducing emissions in the transportation sector – currently the largest emitter of pollutants in Vietnam.

For the 2025-2030 term, BSR has identified the continued operation of the Dung Quat Biofuel Plant as one of its key priorities. (Photo: BSR)

According to the new guidelines from the Ministry of Industry and Trade, from January 1, 2026, all gasoline circulating in the market will be required to be blended with 10% ethanol, applicable to both A92 and A95 gasoline. This means that all commercial gasoline on the market must switch to E10 gasoline. With domestic gasoline consumption at approximately 1-1.2 million m3 per month, equivalent to 12-15 million m3 per year, the amount of ethanol needed to meet the blending requirements is approximately 1.2-1.5 million m3 per year.

Currently, domestic ethanol production capacity meets approximately 450,000 m3/year, equivalent to 40% of demand, with the remainder being imported. Given the fluctuating global ethanol prices, increasingly fierce market competition, and import tax policies, restoring the operation of domestic ethanol plants is an urgent and effective solution.

The Dung Quat Biofuel Plant, managed by the Central Petroleum Biofuel Joint Stock Company, was constructed on an area of ​​24.62 hectares in the Dung Quat Economic Zone (Quang Ngai province) in September 2009. In 2014, the plant began commercial operation, producing 330 tons of ethanol daily, contributing to the promotion of the E5 biofuel market nationwide.

BSR's leadership team conducted a site inspection of the Dung Quat Biofuel Plant. (Photo: BSR)

In response to practical demands and opportunities arising from green and clean energy policies, and in implementation of the BSR Party Committee's Resolution on accelerating the transition to green energy and fuels, the Central Vietnam Petroleum Biofuel Joint Stock Company has developed a plan to continue production through business cooperation.

Mr. Pham Van Vuong, Director of the Central Vietnam Petroleum Biofuel Joint Stock Company, stated: “The plan for continuing the plant's operation has been clearly defined. Preparations will be completed in July-August 2025, the plant will restart in September, trial operation will begin in October, and commercial production will officially commence in November 2025. All repair costs and additional equipment investments to ensure safe and efficient plant operation will be borne by the Central Vietnam Petroleum Biofuel Joint Stock Company and its partners. Specifically, this plan will increase the CO2 recovery system capacity _by 40-50 tons/day to enhance economic efficiency during production.”

The Dung Quat Biofuel Plant will resume operations in October 2025. (Photo: BSR)

Overall, the return of the Dung Quat Biofuel Plant to the biofuel supply chain is a positive signal for the entire Vietnamese energy sector in its efforts to green and reduce emissions.

In line with the Government's roadmap for the nationwide use of E10 biofuel from the beginning of 2026, the Vietnam National Energy and Industry Corporation has decisively directed the restart of fuel ethanol production plants to proactively secure domestic supply, reduce dependence on imports, and ensure national energy security.

BSR successfully sold its first batch of sustainable aviation fuel in early June 2025. (Photo: BSR)

Previously, since 2015, BSR has been blending E5 RON 92 gasoline at the Dung Quat Refinery's storage facilities and successfully selling it commercially to domestic partners. It is expected that in August, BSR will conduct trials of blending E10 gasoline and organize road transport to provinces in the Central region. Proactively producing and distributing bio-gasoline not only helps BSR optimize its supply chain and increase product value, but also contributes to realizing sustainable development goals, aiming for a circular economy and carbon neutrality by 2050.

Source: https://daibieunhandan.vn/cong-ty-co-phan-loc-hoa-dau-binh-son-bsr-hanh-trinh-chuyen-doi-nang-luong-va-nhien-lieu-xanh-10380190.html