Quảng Ngãi Sugar Joint Stock Company has approved an investment of over VNĐ2 trillion (€72 million) to expand its An Khê sugar processing plant and biomass power plant.
The investment includes VNĐ1.169 trillion (€42 million) to increase the sugar processing capacity at the An Khê plant in Gia Lai to 25,000 tonnes per day.
This project started preparations in June this year, with the plant expected to be operational by November 2027.
The expansion aims to stabilise the sugarcane supply, support deep processing activities and maintain the company's leading position in the sugar industry in Việt Nam.
Another significant investment is the expansion of the An Khê biomass power plant, adding a 40MW generator to bring the total design capacity to 135MW.
This project will also begin in June 2024 and is expected to be operational by November 2027.
The goal is to use bagasse from sugar production to generate clean energy, address environmental issues, and support the annual load growth in Gia Lai and the central region.
Additionally, Quảng Ngãi Sugar plans to invest in other infrastructure projects, including a B1 warehouse at the Biscafun confectionery plant and a fire prevention system at the Vinasoy Bắc Ninh plant, starting from July 2024.
Major Vietnamese sugar producer invests €72m in biomass plant explansion
