Vung Ro Refinery and Petrochemical Project
- Location: Phu Yen South Economic Zone, Phu Yen Province, Vietnam
- Capacity: 169,000 bpsd (8 millions TPA)
- Feed-stock: VRP Blend Crude as the base case and Arabian Light crude as an alternative case
- Products: LPG, Gasoline (Euro 5), Jet Fuel, Diesel (Euro 5), FO, Polypropylene, BTX and Sulphur
- Technology: UOP, Ineos, CBI Lummus, Jacobs
- UOP licensed units: LPG Recovery, Caustic Merox, Naphtha Hydrotreating, Penex, CCR Platforming-Regenertion, Sulfolane, Xylene Fractionation, Benzene-Toluene Fractionation, Kerosene Unionfining, Diesel Unionfining, RFCC Complex, Propylene Recovery, SelectFining, Indirect Alkylation
- Ineos licensed unit: Polypropylene
- CBI Lummus licensed units: Low Pressure Recovery, C4 Processing, Olefin Conversion, Regeneration, Binary Refrigeration
- Jacobs licensed unit: Sulfur Recovery
- Engineering Contractors: JGC, Royal Haskoning
- JGC: Front End Engineering Design (FEED)
- Royal Haskoning: Bai Goc Seaport Basic Design
- Current status: FEED design completed, site levelling, Soil investigation, Bathymetric & Topographic - Onshore Survey have been done.
- Total amount spent: 110 millions USD
PROJECT EXECUTION STRATEGY
Due to global crisiss of crude, refined petroleum product prices and market demand situation Vung Ro Petroleum seem postpone Refinery project, instead of that there are some new solutions are being studied and considered for priority investment:
- Produce Polypropylene using Propane as Project feed-stock
- Invest in the LNG business
- Invest Bitumen Production factory
See detailed information in the attachments.
The above changing also adopt the development in the vicinity area. In the near future, Van Phong economic zone, Khanh Hoa province (next province, in the southern of Phu Yen) will be developed become special economic zone, typically same as development of Hongkong. Therefore, the demand of general cargo thru Phu Yen province port together suddenly increasing cargo quantity thru put from the vicinity area to the project seaport need to study carefully.