$9 billion Nghi Son refinery and petrochemical complex about to start operating

Aug 30th at 17:15
30-08-2017 17:15:14+07:00

$9 billion Nghi Son refinery and petrochemical complex about to start operating

Nghi Son refinery and petrochemical complex’s preparations for its debut in the fourth quarter of 2017 have been completed, so the complex is in a rush to finish all minor remaining tasks for a perfect launch on time.

Nghi Son refinery and petrochemical complex is jointly invested by Vietnam Oil and Gas Group (PetroVietnam), Kuwait Petroleum International (KPI), Idemitsu Kosan Co., Ltd., and Mitsui Chemicals, Inc.

The construction started in July 2013 and has been basically finished and handed over to Nghi Son Refinery and Petrochemical LLC (NSRP) by now. Currently, the complex is testing some of its components parts.

As scheduled, Nghi Son complex will be put into official operation from the fourth quarter of 2017. Accordingly, every month, NSRP will welcome three crude oil tankers from KPC.

With the annual capacity of 10 million tonnes (about 200,000 barrels of oil per day), Nghi Son refinery will meet 40 per cent of domestic oil and gas demand and export millions of tonnes of petrochemical products, such as benzen, paraxylen, and polypropylene.

On August 20, the huge crude oil tanker Millenium arrived at the single point mooring (SPM) of Nghi son complex and pumped 14,000 cubic metres of crude oil through 35 kilometres of pipelines to Nghi Son complex’s tanks. Each tank has a volume of 120,000 cubic metres. It is forecasted that filling up all the tanks may take about three days.

Dinh Van Ngoc, deputy general director of NSRP, said that this is the first time a Vietnamese refinery welcomed such a huge crude oil tanker, which makes Nghi Son a milestone marking the strong development of the Vietnamese seaport industry.

On July 26, the Thanh Hoa Department of Technology and Science established an inspector team to overview the “nuclear radiation safety” of Nghi Son complex and it has done well to keep to the stipulated standards.

Also, on August 8, after the inspection, Vice Chairman of the Thanh Hoa People’s Committee Nguyen Duc Quyen concluded that Nghi Son complex has been following state regulations on environment protection, including wastewater, solid waste, emissions, and noise.

Especially, besides the standardised sewage system, Nghi Son complex also regularly checks its wastewater by taking water samples three times a day for analysis in the distributed control system (DCS) system. All the indicators will be reflected in the screen of the system to show abnormalities in the wastewater.

Licensed in 2008, Nghi Son complex has a total investment capital sum of $9 billion. Of this PetroVietnam has a 25.1 per cent stake, KPI 35.1 per cent, Idemitsu Kosan 35.1 per cent, and Mitsui Chemical International 4.7 per cent.

vir



NEWS SAME CATEGORY

Lee&Man warned to have pulp mill license revoked

The $348-million pulp mill invested by Hong Kong-based Lee&Man Paper Group has been warned to have its investment certificate withdrawn due to violations of the Law...

Multi-billion dong ethanol projects back on planning table

PetroVietnam, the investor of Bio-Ethanol Dung Quat, Phu Tho and Binh Phuoc ethanol factories has entered a co-operation with partners to rescue these three...

Viet Nam’s pharmaceutical market is still in thirst for investment

In the current Vietnamese socio-economic context, pharmaceuticals play a crucial part, especially in prevention and treatment of diseases. However, with the...

PM pledges good conditions for ExxonMobil

The Government of Viet Nam will create favourable conditions for ExxonMobil to implement projects in the country, Prime Minister Nguyen Xuan Phuc has said.

Tra Vinh to build two IPs

Authorities in Tra Vinh southern province have allowed Dong Do Southern Construction Investment Joint Stock Company to build infrastructure for two industrial parks.

Vietfish exhibition opens in HCM City

Vietfish 2017, Viet Nam’s largest annual fisheries exhibition, kicked off on Tuesday in HCM City.

Dinh Vu polyester plant teetering on brink of bankruptcy

The failing state-funded Dinh Vu polyester plant invested by PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), a joint venture of PetroVietnam and Vietnam...

Petrolimex sell-off to come in 2018

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign...

Low feed-in tariff freezes wind power projects

Although wind power development is considered a great potential sector in Vietnam, investors have been hesitant to develop new or expand their existing projects due...

Domestic brands held at gunpoint by international fashion brands

In the context of more and more fashion brands entering the Vietnamese market and gaining significant market share, domestic firms in the fashion industry have to...


MOST READ


Back To Top