Chairman of Yen Bai Provincial People's Committee Tran Huy Tuan speaks at the ceremony. (Photo: Duc Toan)

On July 6, at Bac Van Yen Industrial Cluster in Dong Cuong Commune, Van Yen District, Yen Bai Province, the People's Committee of Yen Bai Province held a groundbreaking ceremony for the construction of the Erex Sakura Yen Bai Biomass Fuel Plant Project invested by Erex Joint Stock Company (Japan) and Sakura Green Energy Company.

Erex Sakura Yen Bai Biomass Fuel Factory Project is invested on a scale of 3 hectares with the goal of producing biomass pellets and wood chips. The factory has a designed capacity of producing 150,000 tons of biomass pellets/year, 150,000 tons of wood chips/year; trading 350,000 tons of wood chip products/year.

The Factory's high-quality wood pellet products are widely used in many fields such as: fuel for thermal power plants, fuel for fireplaces, industrial incineration equipment, steam systems, drying livestock food...

The wood pellet factory was built to ensure biomass fuel sources before the construction of a new biomass power plant in Yen Bai province. The project will contribute to creating jobs for Yen Bai people and promoting economic recovery. This is the first project among 14 projects of Erex Joint Stock Company in Vietnam.

Speaking at the ceremony, Chairman and General Director of Erex Joint Stock Company Honna Hitoshi emphasized that the groundbreaking of the wood pellet plant contributes to realizing Vietnam's net emission reduction policy, providing stable electricity to meet the economic development needs of Yen Bai province in particular and Vietnam in general. Vietnam is a country with abundant biomass resources, so the use of biomass fuels such as wood waste as a sustainable energy source will be the key to bringing Vietnam's net emissions to zero.

Congratulating Erex Group and Yen Bai province on their initial successes in attracting and calling for investment, Secretary General and Vice President of the Japan - Vietnam Friendship Parliamentarians' Union Hayashi Motoo expressed his belief that this project will further consolidate and promote the development of biomass technology and fuel in Vietnam; and will be a project that attracts attention from all over the world. The Japanese Government is also very interested in this project as an advanced decarbonization project in Southeast Asia. "Yen Bai is one of the most suitable localities for biomass power generation due to its rich terrain and nature. This is where the first large-scale biomass power plant in Vietnam will be built, promising a leap forward for the field of biomass power generation in Vietnam in the future," Vice President of the Japan - Vietnam Friendship Parliamentarians' Union Hayashi Motoo emphasized.

Delegates perform the groundbreaking ceremony of the Project. (Photo; Thanh Son)

Speaking at the groundbreaking ceremony, highly appreciating the right choice of the investor when deciding to develop this project in Yen Bai province, Chairman of Yen Bai Provincial People's Committee Tran Huy Tuan commented that the wood pellet production project of Erex Joint Stock Company and Sakura Green Energy Company is in line with the socio-economic development orientation and priority investment attraction areas of Yen Bai province, in line with the national strategy on green growth, contributing to the implementation of the Government's commitment to bring Vietnam's net emissions to zero by 2050.

Yen Bai Provincial People's Committee Tran Huy Tuan emphasized that with the spirit of "accompanying businesses", taking people and businesses as the center and the objects of service, Yen Bai province is committed to creating the most favorable conditions for businesses to invest and do business in the area.

The groundbreaking ceremony of the Erex Sakura Yen Bai Biomass Fuel Plant Project is an important event and a highlight in a series of events celebrating the 50th anniversary of the establishment of Vietnam - Japan diplomatic relations (1973-2023), and at the same time marks a new step forward in attracting and calling for investment, especially for projects with foreign direct investment in Yen Bai province./.

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