Home Industries

Dung Quat Oil Refinery given licence to expand

Dec 25th at 15:45
25-12-2014 15:45:08+07:00

Dung Quat Oil Refinery given licence to expand

Binh Son Oil Refinery Co Ltd was granted an investment certificate yesterday to upgrade and expand the Dung Quat Oil Refinery in the central province of Quang Ngai.

 

Accordingly, the plant will be constructed with a total investment of US$1.9 billion. It will have a capacity of 8.5 million tonnes per year – 2 million tonnes higher than present.

Binh Son Oil Refinery Company had a successful year in 2014. Its total output reached 5.81 million tonnes, earning it VND128 trillion (around $6 billion).

The company began providing bio-fuel E5-RON 92 in July, in accordance with the bio-fuel development roadmap approved by the Government. It also implemented new technological processes for production.

The firm aims to produce more than 5.86 million tonnes of various products and earn VND120.6 trillion in 2015.

bizhub

MOST READ

NEWS SAME CATEGORY

Domestic investors want to sell wind power at 17 cents per kwh
INDUSTRIES Dec 24th at 15:45

Domestic investors want to sell wind power at 17 cents per kwh

Vietnamese investors say they can only make a profit if windpower is bought at more than 17 US cents per kwh by 2015. But foreign investors have not shown interest...

Slow BOT projects face huge fines
INDUSTRIES Dec 23rd at 16:33

Slow BOT projects face huge fines

Build-own-operate and independent power plant developers which miss their construction deadlines will face fines of $200,000 per 60 days behind schedule.

Service industry lures Japanese firms
INDUSTRIES Dec 22nd at 16:09

Service industry lures Japanese firms

 There is a growing tendency to seek investment opportunities in the service industries in Viet Nam among Japanese companies, according to a speaker at a workshop...

Old technology obstructing coal production plans: official
INDUSTRIES Dec 20th at 14:38

Old technology obstructing coal production plans: official

The coal industry must invest VND18-19 trillion (US$857-$904 million) to complete production on schedule, according to Nguyen Van Bien, Deputy General Director of...

Firms instructed to replant forests
INDUSTRIES Dec 17th at 15:31

Firms instructed to replant forests

 Businesses that deliberately delayed the replanting of forests would have their operating licences revoked, Minister of Agriculture and Rural Development Cao Duc...

Vestas know how offers wind power fresh air
INDUSTRIES Dec 15th at 14:43

Vestas know how offers wind power fresh air

Denmark Vestas Wind Systems, one of the world’s leading wind energy companies, last week organised a roadshow in Hanoi and Ho Chi Minh City to present its...

Danish provide Vietnam with green energy access
INDUSTRIES Dec 15th at 14:38

Danish provide Vietnam with green energy access

The Danish government is actively supporting Vietnam’s access to green growth in wind power.

EVN starts power plant extension construction
INDUSTRIES Dec 15th at 11:18

EVN starts power plant extension construction

The Electricity of Viet Nam Group (EVN) began construction of the Duyen Hai 3 thermo power extension in Duyen Hai District of the Mekong Delta of Tra Vinh on...

Steel industry told to boost quality
INDUSTRIES Dec 13th at 14:12

Steel industry told to boost quality

Insiders and experts have said the sheet steel industry needs to improve quality and bring down prices to combat fakes, which have become pervasive.

Plan aims to improve pharmaceutical industry
INDUSTRIES Dec 8th at 14:12

Plan aims to improve pharmaceutical industry

The Health Ministry launched a development plan for the pharmaceutical sector on Saturday in co-operation with the World Health Organisation.

Read More

MOST READ

Back To Top