The Netherlands invested $250 million in the cashew industry in Pyeonfu Province, Vietnam

(People's Daily) Mekong Coopority EUROPE BV Group (MCE) and Avon Energy Co., Ltd. (AVP) recently held working talks with pingfu provincial leaders on the investment project of the cashew nut industry in the circular economy model.
MCE General Manager Yu Qingjin revealed that MCE and AVP will soon invest a total of UP$250 million in the cashew industry in Pingfu Province, including the construction of a fruit tree research and development pilot area and cashew processing plant, covering an area of 200 hectares.
200,000 hectares and an investment amount of US$124 million.
total investment in cashew production and export cashew shell oil refined projects was US$81 million.
annual output of cashew production plant reached 168,750 tons, cashew shell oil refined plant annual output of 118,125 tons, cashew shell slag production plant annual output of 118,125 tons.
three plants have a total area of 50 hectares.
addition, MCE and AVP have invested $45 million to build a 50-hectare export wood chip particle processing plant.
is also expected to build a cashew research center in Deliu Township, Tongden County, Pingfu Province.
economic experts say the circular economy is the trend of the world today.
circular economy model will help to conserve resources, protect the environment, promote economic development and improve social efficiency.
, in particular the circular economy, would help to use waste from one industry as a raw material for others, thereby reducing greenhouse gas emissions and climate change.
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