June 24, 2017 1:33 PM ET

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Company Overview of IEV Vietnam Joint Stock Company

Company Overview

IEV Vietnam Joint Stock Company produces biomass from forestry and agricultural waste for domestic and export markets. IEV Vietnam Joint Stock Company was formerly known as IEV Biomass Vietnam JSC. The company is based in Ho Chi Minh City, Vietnam. IEV Vietnam Joint Stock Company operates as a subsidiary of IEV Energy Sdn. Bhd.

Floor 7, Abacus Building

58 Nguyen Dinh Chieu Street

Da Kao Ward

District 1

Ho Chi Minh City,  62003

Vietnam

Phone:

84 8 3911 5614

Fax:

84 8 3911 5615

Key Executives for IEV Vietnam Joint Stock Company

IEV Vietnam Joint Stock Company does not have any Key Executives recorded.

IEV Vietnam Joint Stock Company Key Developments

IEV Vietnam Joint Stock Company Signs Cooperation Contract with BSB Investment and Development Co. Ltd to Commence Construction of Pilot Plant to Develop Products of Amorphous Silica and Nanosilica from Rice Husk

The board of directors of IEV Holdings Limited announce that, pursuant to the salient terms of the Heads of Agreement announced on 6 March 2017, the Company, through its subsidiary IEV Vietnam Joint Stock Company on 11 May 2017 signed a Cooperation Contract with BSB Investment and Development Co. Ltd. to commence the construction and operation of a pilot plant and the preparation of a feasibility study for the research, investment, manufacturing and promotion of rice husk silica and nano-silica in Vietnam. In accordance to the CC, BSB will rent premises from IEV Vietnam at which it shall construct, install and operate a RHS pilot production plant with a self-generating electricity generation system. The RHS and RHNS output of the pilot production plants will be supplied to IEV Vietnam for its advanced materials research and development activities. In return, IEV Vietnam has agreed to ensure a steady supply of rice husk to BSB according to BSB's demand, at an agreed price. IEV Vietnam will be responsible for the licence application to produce rice husk ash, a raw material used for the production of RHS and RHNS which are the subject of the feasibility studies. IEV Vietnam will offtake the electricity generated from the pilot production plant, a by-product from the production process of RHS and RHNS, at a mutually agreed rate. A task force will be formed to complete a feasibility study on the investment, trading and development of RHS and RHNS on a commercial scale. Completion of the feasibility report is expected before December 2017. The CC is effective for 36 months from the signing date and may be extended by mutual agreement of both parties.

IEV Vietnam Joint Stock Company Announces Inauguration of MK1 Biomass Plant in Vietnam

IEV Holdings Limited announced that IEV Vietnam Joint Stock Company inaugurated the MK-1 Biomass Plant in Can Tho provice in Vietnam on 2 March 2016. The MK-1 Plant spans 13,000 square meters on Tan Loc island, Thot Not district, Can Tho province and has the capacity to store up to 10,000 tons of rice husk and produce up to 150 tons of rice husk briquettes per day. The entire supply chain of the plant is operational and briquettes are now sold domestically as a low cost and renewable energy source for factories in Vietnam.

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