(EnergyAsia, March 14) — Petrosetco, a subsidiary of PetroVietnam, and Japan’s Itochu Corp, have signed a Memorandum of Understanding (MOU) to form a joint venture to build Vietnam’s first bioethanol plant. The proposed $100 million plant will produce 99.8%-pure ethanol to be mixed with gasoline to create biofuel.   The 100 million-litre-per-year plant, to be…