Vung Ro Petroleum has engaged INEOS Technologies to provide its Innovene PP process for the manufacture of homopolymers, random copolymers and impact copolymers for its refinery complex which is being developed at Hoa Tam Commune, Dong Hoa District of Phu Yen Province, Vietnam.
Expected to be in operation by 2017, the refinery and petrochemical complex will have a capacity of 8 million tonnes annually. The 900 KTA Innovene PP plant will produce a wide range of polypropylene grades to serve the growing demand of the Vietnamese and Asian markets.
“We are pleased to have selected INEOS Technologies’ Innovene PP process as an integral part of our refinery project. The Innovene PP process will provide Vung Ro Petroleum with an advanced polypropylene process with high value added economics and broad market reach”, said Mr Kirill Korolev, CEO of Vung Ro Petroleum Limited.
Peter Williams, CEO of INEOS Technologies, said that “INEOS Technologies is proud to have been selected by Vung Ro Petroleum as its technology partner for the development of its polypropylene business. Vung Ro’s refinery project will contribute to the growth of the economy of Vietnam and its neighbouring countries”.
Vung Ro Petroleum is the first fully private foreign petroleum company in Vietnam. Its refinery project is supported by the government, which has cited it as key to the country’s future energy security as well as its economic and social development.
INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments. INEOS Technologies’ complete portfolio of leading licensed technologies includes:
Innovene PP – gas phase technology for the production of polypropylene
Innovene S – slurry technology for the production of mono and bi-modal HDPE
Innovene G – swing gas phase technology for the production of LLDPE and HDPE
BICHLOR – membrane electrolyser technology for chlor alkali production
Vinyls – technology for the production of EDC, VCM and PVC
Nitriles – technology for the production of Acrylonitrile and Maleic Anhydride
Polystyrene – general purpose, high impact and expandable PS technologies