10/16/2013

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VIETNAM: Launch of construction now scheduled for Nghi Son refinery & PC complex

The $9-billion project is being undertaken by Nghi Son Refinery and Petrochemical Ltd., a joint venture owned 35.1% each by Idemitsu Kosan and Kuwait Petroleum International, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals. Local sources said it is considered "the largest foreign investment project in Vietnam.”

Identified by the government as "strategic,” the complex includes a refinery to process 200,000 b/d of Kuwaiti crude and facilities designed to produce 700,000 t/y of paraxylene, 370,000 t/y of polypropylene and 240,000 t/y of benzene. Commercial operations are expected to begin in mid-2017. A consortium of JGC Corp., Chiyoda Corp., Technip, SK Group and GS Group will be responsible for engineering, procurement and construction.

Source: Weekly "PetroChemical News", Durham, NC, USA; 14 Oct 2013
(Syed Rashid Ali, Karachi, Pakistan)

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