Idemitsu Kosan Co. said Monday it has signed a memorandum of understanding with the Cambodian government to promote biofuel production in the Southeast Asian country.
The move is part of plans by the Japanese energy firm to produce bioethanol out of cassava, a type of potato, in Cambodia for sales in Southeast Asia.
For the project, the company has set up an office in Phnom Penh with a staff of four, including one Japanese employee. It aims to produce and sell 200,000 kiloliters of bioethanol annually by the early 2020s.
Idemitsu has been promoting its biofuel business also in Vietnam, where the company has begun producing biomass on a test basis.
(Dec. 11, 2012)