Binh Dinh is about to build an oil refinery and petrochemical complex

with nearly 27 billion USD

Talking to the reporter Tien Phong, Vice Chairman of Binh Dinh Provincial
People’s Committee , Mr. Ho Quoc Dung, said that on January 10, the province
leaders and the investor representatives will report to the Ministry of Industry
and Trade on the pre-feasibility project of the Refinery and Petrochemical
complex in Nhon Hoi Economic Zone (Quy Nhon City, Binh Dinh) with an
investment of nearly 27 billion USD.
A source from Binh Dinh Economic Zone Authority said that, after more than
two years of researching, surveying and preparing pre-feasibility study reports,
at the end of November 2012, PTT - representatives of investors - directly
reported and proposed contents related to the above oil refinery and
petrochemical project.
As proposed by the investor, the Petrochemical Refinery will be built on an area
of 2,000 hectares with a capacity of 660,000 barrels of crude oil / day (about 30
million tons / year) with a total investment of about 26.9 billion. USD. The
plant's crude oil source will be imported from the Middle East (45%), Africa
(25%) and the rest 35% from South Central America.
The factory will produce about 11 refineries (LPG, 92, 95, Jet A1, DO oil ...)
and 10 other petrochemical products including LLDPE, Poly-propylene, DEG ...
Consumption market will be Vietnam, Japan, China and some other countries in
the region.