You are currently viewing: News



16-01-2013

JGC led JV awarded contract for refinery and petrochemical complex in Vietnam

JGC Corporation, Chiyoda Corporation, Technip, and South Korean contractors GS Engineering & Construction and SK Engineering & Construction today jointly announced that the joint venture, formed by JGC, Chiyoda, Technip, GS and SK, has received notification of the award of a contract for the Nghi Son refinery and petrochemicals complex in the Nghi Son economic zone in northern Vietnam.  The contract was awarded by the Nghi Son Refinery Petrochemical Limited Liability Company, a joint venture between Idemitsu Kosan Co., Ltd (35.1%), Kuwait Petroleum International (35.1%), Vietnam Oil and Gas Corporation (25.0%), and Mitsui Chemicals, Inc. (4.8%). The lump-sum turnkey contract calls for the engineering, procurement, construction (EPC) and commissioning work for an oil refinery with a production capacity of 200,000 barrels per day. The complex, scheduled for completion in late 2016, will be located in the Thanh Hoa Province in Vietnam, 200 km south of the capital city of Hanoi. The value of the contract was not disclosed.

This project, which is being promoted by Idemitsu Kosan Co., Ltd., Kuwait Petroleum International, Vietnam Oil and Gas Corporation, and Mitsui Chemicals, Inc. is a grassroots oil refinery and petrochemical complex project in Vietnam.  This project will be the second constructed in Vietnam, and is aimed at satisfying increasing demands for petroleum products to support the progress of Vietnam's motorization, as well as produce petrochemicals for export. Together with Vietnam's first refinery, the Dung Quat refinery (constructed by a consortium of JGC, Technip and others, and completed in 2009), the Nghi Son refinery and petrochemical complex will be a major pillar supporting the country's economic development.

JGC has been targeting marketing activities toward Southeast Asian countries, including Vietnam, and has been concurrently working on strengthening and expanding JGC Vietnam, an EPC subsidiary of JGC established in Vietnam in 2009. Part of JGC's portion of this project is scheduled to be constructed by JGC Vietnam. 

JGC plans to become involved in many more oil refining and petrochemicals projects in Vietnam in the future. JGC has been responsible for the construction of more than fifty oil refineries, and JGC and JGC Vietnam are focusing marketing activities on Southeast Asia in hopes of contributing to building Vietnam's industrial base and furthering economic development.
Sponsor : 

Other News Items

Neste's NEXBTL renewable diesel will fuel UPS's fleet

Neste, the world's leading producer of premium quality renewable fuels will supply NEXBTL renewable diesel to UPS, the global leader in logistics, to help facilitate ...

30-07-2015

Shell to sell its shareholding in Showa Shell to Idemitsu

Shell has reached an agreement with Idemitsu for the sale of 125,261,200 shares in Showa Shell Sekiyu KK, representing a 33.24% shareholding in the company, for a total ...

30-07-2015

Kuwait signs contracts to build new refinery

Kuwait National Petroleum Company (KNPC) has announced the signing of four contracts with foreign companies for the construction of a new refinery in the country. The ...

28-07-2015

Yara and BASF break ground on new ammonia plant

Yara International ASA and BASF broke ground today on a world scale ammonia plant at the BASF site in Freeport, Texas. Total capital investment for the plant – ...

27-07-2015

Technip receive Assiut refinery modernisation contract

Technip Italy S.p.A. announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the ...

27-07-2015

Technip to modernise and expand the MIDOR refinery

Technip Italy S.p.A. and SACE announced the finalization of a joint agreement with MIDOR for a project to modernize and expand the MIDOR refinery near Alexandria, Egypt ...

27-07-2015

ABB to supply static var compensator to Nyhamna gas plant

ABB, the leading power and automation technology group, has won a $24 million order in the second quarter from engineering, procurement and construction contractor Kvaerner ...

26-07-2015

Jiaxing Petrochemical to utilize INVISTA’s P8 technology

INVISTA Performance Technologies (IPT) and Jiaxing Petrochemical Co., Ltd., a subsidiary of Tongkun Group Co., Ltd., have reached agreement for the licensing of INVISTA’s ...

24-07-2015

New large-scale fertilizer plant in Uzbekistan

Mitsubishi Heavy Industries, Ltd. and Mitsubishi Corporation will build a large scale ammonia and urea fertilizer production plant for Navoiyazat Joint Stock Company, ...

24-07-2015

BASF and PETRONAS to build polyisobutene production plant

BASF and PETRONAS Chemicals Group Berhad (PCG) will build a new world-scale production plant for highly reactive polyisobutene (HR-PIB) at the site of their existing ...

21-07-2015