01/21/2013

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VIETNAM: Nghi Son Refinery & PC partners issue letter of award to EPC consortium

NSRP--a joint venture owned 35.1% each by Idemitsu Kosan and Kuwait Petroleum International, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals (MCI)--is building a complex in Vietnam's Nghi Son Economic Zone that includes a 200,000-b/d refinery, as well as the production of polypropylene (PP) and aromatics. The refinery will be based on a "stable supply” of Kuwaiti crude, said MCI. The project "will fully employ construction and operation technology of both Idemitsu and MCI to capture rapidly growing demand for petroleum products in Vietnam, while also responding to the expanding global markets for aromatics (paraxylene and benzene) and PP products.”Earlier reports said the project included the production of 400,000 t/y of PP. MCI noted that the project will supply aromatic feed-stock for its core products, including phenols and purified terephthalic acid, under competitive conditions, thereby strengthening its operations.+(Syed Rashid Ali, Karachi, Pakistan)
Source: Weekly "PetroChemical News", Durham, NC, USA; 21 Jan 2013

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