24 October 2013 05:51 [Source: ICIS news]
SINGAPORE (ICIS)--Japanese producer Idemitsu Kosan said on Thursday it expects its new joint venture refinery and petrochemical complex in Nghi Son, Vietnam, to begin commercial operations in 2017.
Construction of the Nghi Son Refinery and Petrochemical Complex, which began on 22 July this year, is expected to be completed in 2016, the company said in a statement.
The new facility will be operated by The Nghi Son Refinery and Petrochemical Limited Liability Company, which is a joint venture firm between the Vietnam Oil and Gas Group, Japan’s Idemitsu Kosan and Mitsui Chemicals, as well as Kuwait Petroleum Europe.
The project is expected to have a refining capacity of 200,000 bbl/day, a paraxylene (PX) capacity of 700,000 tonnes/year, and a polypropylene (PP) capacity of 370,000 tonnes/year, according to Mitsui Chemicals.
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