The Thanh Hoa Provincial People's Committee on November 5 held a working session with an Indian delegation to discuss investment research within the Nghi Son Economic Zone.
Provincial People's Committee Vice Chairman, Cao Van Cuong, hosted the delegation led by MeOH Tech & Applications Pvt CEO, Prashanth Srinivas, alongside representatives from NewEra Cleantech and Sao Thai Duong Investment JSC.
According to the preliminary proposal, the bio-methanol production complex involves a total estimated investment of approximately $1.3 billion. The facility requires about 200 ha of land and is designed for a daily output capacity ranging from 2,300 to 6,900 tons. The project aims to deeply process biomass resources, expanding outlets for local bamboo, luong, and planted forest products.
Thanh Hoa currently has about 72,000 ha of bamboo and luong, including more than 46,000 ha of restored and managed luong forests. The annual harvest output exceeds 65 million trees, with paper material supply reaching approximately 85,000 tons. Raw material supply is projected to remain stable through the 2027 to 2030 period.
Bio-methanol is produced from renewable biomass for use in chemical manufacturing and energy sectors. Alongside bio-methanol, the investor's plan includes producing bamboo pellets and derivative products.
The Management Board of Nghi Son Economic Zone and Industrial Parks has introduced Dong Vang Industrial Park as a potential site based on land requirements and project scale.
Mr. Cuong requested that the investor group clarify its financial qualifications, detailed raw material demands, production technology, and environmental safety processes. He emphasized that Thanh Hoa prioritizes large-scale, modern, and environmentally friendly projects aligned with green growth strategies.
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