15 January 2013 10:42 [Source: ICIS news]
SINGAPORE (ICIS)--Construction of Vietnam’s new refinery and petrochemical project in Nghi Son will start in the second quarter of the year, a spokesperson of Japan’s Mitsui Chemicals, which partly owns the project, said on Tuesday.
“We plan to construct in the second quarter of 2013 and construction completion is in third quarter in 2016,” the spokesperson said.
“Commercial operation will be in the second quarter of 2017,” he added.
The project is expected to have a 200,000 bbl/day refinement capacity and will produce 500,000 tonnes/year of liquefied petroleum gas, the Mitsui Chemicals spokesperson said.
Petrochemical production at the site will include 700,000 tonnes/year of paraxylene, 240,000 tonnes/year of benzene and 370,000 tonnes/year of polypropylene, he added.
Mitsui Chemicals, Idemitsu Kosan and Kuwait Petroleum International and Petro Vietnam are partners in the Nghi Son refinery/petrochemical project.
Mitsui Chemicals announced on Tuesday that a letter of award was issued to a consortium consisting of JGC Corp (Japan), Chiyoda Corp (Japan), Technip Group (France/Malaysia), SK Group (Korea), and GS Group (Korea) for the building of the Nghi Son project.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections