23 June 1997 00:00 [Source: ACN]
VIETNAM's Ministry of Industry presented its updated petrochemicals masterplan for the country at last week's Asia Pacific Petrochemical Industry Conference organised by S&A Petrokimia in Jakarta, Indonesia.
The three-phase development will be spread over three sites - the North Development Triangle (NDT) in Haiphong, the Central Development Triangle (CDT) in Dung Quat, and the South Development Triangle (SDT) in Phu My. Negotiations for the first-phase projects are underway.
Vietnam recently rejected the proposals and financial schemes of both LG International and Petronas for the first refinery project and has decided again that it will build the refinery on its own (ACN 9 June, p39).
Amoco, Mitsubishi Chemical, Mitsui Petrochemical Industries and LG Chemical are the frontrunners for partnership in the PP project. They have all proposed 30:70 Vietnamese-foreign partner joint ventures (ACN 26 May, p21).
LG has also submitted proposals for the 60 000 tonne/year MTBE and 30 000 tonne/year carbon black projects, Le Van Dinh, deputy director of the International Co-operation Department at the Ministry of Industry, told ACN.
Vinachem and PetroVietnam are expected to take a 30% share in the 660 000 tonne/year methanol project. Negotiations with US-Thai joint venture Finansa Thai and Malaysian company Ancom for equity participation, and with Lurgi for technology supply are underway, he said.
Projects not in the masterplan include a 500 000 tonne/year floating methanol plant proposed by Tomen and a 300 000 tonne/year diammonium phosphate plant, Le said.
|Proposed masterplan projects for Vietnam ('000 tonne/year)|
|Phase I (1996-2000)||Phase II (2001-2005)||Phase III (2006-10)|
|Haiphong||30 PS (No2 in Vietnam)||-||330/575 ammonia/urea|
|Dung Quat||130* refinery
30 carbon black
300 purified terephthalic acid
575 naphtha cracker
350 PE, 180 PS, 280 PP
300 ethylene dichloride/
vinyl chloride monomer,
220 PVC, chloralkali
|Phu My||660 methanol||gas processing plant 2
350 ethane/propane cracker
|Source: Vietnam Ministry of Industry * '000 bbl/day|
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