Loc Troi Group innovates biological products and applies green development

November 16, 2023 | 17:03

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To reduce greenhouse gas emissions, Loc Troi Group innovates biological products, applying circular economy and green development, according to CEO Nguyen Duy Thuan at VIR's Sustainable Development conference in Hanoi on November 16.

Loc Troi Group innovates biological products and applies green development

Nguyen Duy Thuan, CEO, Loc Troi Group

In 2030, Vietnam is forecast to generate 120 million tons of carbon emissions, of which rice cultivation accounts for half of the emissions. Loc Troi as well as farmers in the Mekong Delta have the role to take action because we know that we contribute greatly to Vietnam's greenhouse emissions, and we have the obligation to limit this.

Loc Troi is currently growing rice on 2 million ha and more than 1 million farming households are working in Loc Troi's agricultural management system. We have five business units including agricultural research institute, fertiliser, pesticide, and seed production facilities to supply for to farmers.

In addition to those are units providing agricultural services and crop care, a breed provider that supplies about 50 per cent of seeds to the Mekong Delta area, and a food manufacturing company that produces about 2 million tons of rice every year.

Loc Troi's goal is to create 10 million carbon certificates in the Mekong Delta.

Loc Troi has made a commitment to the Ministry of Agriculture to balance the three elements -- chemical, biological and organic -- in our crop care products. In addition, we plan to increase the production of circular products such as bioplastics produced from rice husks and sticky rice.

For green development, Loc Troi has achieved carbon criteria and commercialise it for the international market.

Rice exporters gear up to penetrate EU arena

Vietnamese companies have been stepping up investment to boost rice exports to Europe – however, it remains a challenging task penetrate the market efficiently.

Loc Troi and FMO sign $90-million credit package to advance sustainable rice production

On November 2, Loc Troi Group JSC (LTG) announced the signing of a Letter of Intent for a $90-million credit package between LTG and the Dutch Entrepreneurial Development Bank (FMO).

FMO to provide $90-million credit package to Loc Troi Group

Seeing huge potential in Loc Troi Group's sustainable practices and advanced agricultural expertise, the Dutch Entrepreneurial Development Bank (FMO) is supporting the company with a credit package worth $90 million.

By Van Ngoc

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