ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Vietnam Refinery Plan Moves Forward

by Jean-François Tremblay
January 21, 2013 | APPEARED IN VOLUME 91, ISSUE 3

A consortium of companies from Japan, Kuwait, and Vietnam is planning to start work soon on Vietnam’s first foreign-owned refinery and petrochemical complex. The long-talked-about project will unite Japan’s Idemitsu Kosan and Kuwait Petroleum, each with a 35% stake in the venture; PetroVietnam with a 25% stake; and Japan’s Mitsui Chemicals with a 5% interest. Located in the Nghi Son economic zone in the north of the country, the $9 billion complex will process Kuwaiti crude into a range of fuels and basic petrochemical materials including benzene and polypropylene. Mitsui plans to be a buyer of the aromatics produced and will use them to feed its phenol and purified terephthalic acid plants. The companies envisage putting together a financing package this summer. At that point, construction would get under way and possibly be completed in late 2016.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment