Nghi Son Refinery & PC Partners Issue Letter of Award to EPC Consortium

:: 21 Jan  2013 ::

Hanoi - Nghi Son Refinery & Petrochemicals Ltd. (NSRP) has issued a letter of award to an engineering, procurement and construction consortium comprised of JGC Corp., Chiyoda Corp., Technip Group, SK Group and GS Group.

NSRP, a joint venture owned 35.1% each by Idemitsu Kosan and Kuwait Petroleum International, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals (MCI), is building a complex in Vietnam’s Nghi Son Economic Zone that includes a 200,000-b/d refinery, as well as the production of polypropylene (PP) and aromatics.

The refinery will be based on a "stable supply" of Kuwaiti crude, said MCI.  The project "will fully employ construction and operation technology of both Idemitsu and MCI to capture rapidly growing demand for petro-leum products in Vietnam, while also responding to the expanding global markets for aromatics (paraxylene and benzene) and PP products."  Earlier reports said the project included the production of 400,000 t/y of PP.

MCI noted that the project will supply aromatic feed-stock for its core products, including phenols and purified terephthalic acid, under competitive conditions, thereby strengthening its operations.

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