Announced details
Fuel-grade bioethanol, decarbonisation, the energy transition, effective utilisation of agricultural resources
The two companies will jointly conduct the feasibility study. eREX will contribute its expertise in business development and local networks in Vietnam, while GEI will apply its expertise in biomass utilisation and fermentation production technology.
eREX Co.,Ltd.: Head office in Chuo-ku, Tokyo; President and Representative Director Honna Hitoshi (本名 均); established 8 December 1999; businesses include retail electricity, trading, battery storage, aggregation, fuels, power generation, overseas operations and carbon credits. Green Earth Institute Co., Ltd.: Head office in Shinjuku-ku, Tokyo; CEO and Representative Director Ihara Tomohito (伊原 智人); established 1 September 2011; develops and commercialises green chemicals.
Southern Vietnam, referring to eREX's biomass power generation business in the Hau Giang District of Can Tho City, Vietnam
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Materials from Vietnam's Ministry of Industry and Trade and materials published by USDA FAS in July 2026
| Item | Details |
|---|---|
| Names of Products / Services Covered | Golden Rice Circle Project (a rice-based bioethanol production project) |
| Counterparty | eREX Co.,Ltd. (9517, TSE Prime) / Green Earth Institute Co., Ltd. (9212, TSE Standard) |
| Counterparty overview | eREX Co.,Ltd.: Head office in Chuo-ku, Tokyo; President and Representative Director Honna Hitoshi (本名 均); established 8 December 1999; businesses include retail electricity, trading, battery storage, aggregation, fuels, power generation, overseas operations and carbon credits. Green Earth Institute Co., Ltd.: Head office in Shinjuku-ku, Tokyo; CEO and Representative Director Ihara Tomohito (伊原 智人); established 1 September 2011; develops and commercialises green chemicals. |
| Relationship with the Company | The two companies will jointly conduct the feasibility study. eREX will contribute its expertise in business development and local networks in Vietnam, while GEI will apply its expertise in biomass utilisation and fermentation production technology. |
| Launch date | Feasibility study launched on 6 November 2026 (reported as an actual result) |
| Applicable area | Fuel-grade bioethanol, decarbonisation, the energy transition, effective utilisation of agricultural resources |
| Location | Southern Vietnam, referring to eREX's biomass power generation business in the Hau Giang District of Can Tho City, Vietnam |
| Location scale | Business under consideration to produce 120,000 kL of bioethanol annually using 300,000 tonnes of rice as feedstock |
| Source | Materials from Vietnam's Ministry of Industry and Trade and materials published by USDA FAS in July 2026 |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Demand for fuel-grade bioethanol in Vietnam is expected to grow following the mandatory use of E10 gasoline, while domestic supply capacity is insufficient. In addition, new domestic demand for rice is needed in light of trends in export markets.