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Vietnam Oil and Gas Corporation (Petro Vietnam) awarded a contract to a consortium of Technip and Samsung Engineering for the implementation of a fertiliser complex at Phu My in Tan Thanh, Ba Ria Vun-Tau Province, in Vietnam. The contract was signed in June 2001. The Phu My fertiliser plant will use natural gas from the Cuu Long and Nam Con Son basins. It is part of an industrial centre which the Vietnamese government is seeking to encourage in the hope that the facilities, such as power generation, will be of common usefulness to all the local industrial plants.
TIMETABLE
"The facility will supply one third of the country's annual fertiliser demand and stabilise the fertiliser market for Vietnamese farmers."
The contract was awarded in 2001 and by June 2004 the construction of the $445m plant was completed. Following two months of testing, the facility was officially opened in September 2004. It will now supply one third of the country's annual fertiliser demand and stabilise the fertiliser market for the majority of Vietnamese farmers. The Phu My Fertilizer Plant has a capacity of 741,400t of urea/year and 422,598t of ammonia/year. PetroVietnam Fertilizer and Chemical Co (PVFCCo) was formed to control and administer the activities of the plant.
PROJECT RATIONALE
The project has now helped minimise the import of fertiliser and promote agricultural production in Cuu Long (Mekong) Delta River. It has also contributed to establishing and developing the Phu My Industrial Zone. "The project has now helped minimise the import of fertiliser and promote agricultural production in Cuu Long Delta River."
According to the Ministry of Agriculture and Rural Development (MARD), the country needs about 3.4 million tonnes of various fertilisers in order to meet the strategic food output target of 43 million tonnes in rice equivalent within the next 20 years. Prior to the plant opening Vietnam's chemical fertiliser industry could meet only 8% of the domestic demand for urea fertiliser and 70% of the demand for phosphate fertiliser. This forced farmers to import large amounts of fertiliser, leaving them exposed to the vagaries of the international marketplace. The new Phu My plant meets about one third of the internal demand.
FURTHER DEVELOPMENT
The Vietnamese fertiliser industry has laid out expansion plans that will further add to domestic production. The Viet Nam Chemicals Corporation, in conjunction with Petro Vietnam, will invest a total of $1bn to build two nitrogenous fertiliser factories with an annual capacity of 800,000t each in Vung Tau and Ca Mau. Another $745m will be spent on building a nitrogenous fertiliser factory in Quang Ninh Province with a capacity of 600,000t a year, drawing on coal resources available in the area. Upgrades will also be carried out on super phosphate factories in the provinces of Phu Tho, Dong Nai, Ha Tay and Ninh Binh.
Electric plants include the 1,000MW Phu My 1, built with Japanese loans. The plant has capital investment worth $800m and will consume 900 million cubic metres of gas each year. Other projects needing gas include the 431 MW Phu My 2 -1 electric plant (extended), capitalised at $350m. The plant will consume 450 million cubic metres of gas each year. The 600MW Phu My 2-2 build-operate-transfer (BOT) project, proposed by the World Bank, is worth $350m.
LEAD CONTRACTORS
The engineering, purchase and construction contracts for the Phu My Fertiliser Plant were signed by Vietnam Oil and Gas Corporation (Petro Vietnam), Italian Technip and Samsung Engineering.
The Phu My fertiliser plant is expected to have a production capacity of 2,200 tonnes of urea and 1,350 tonnes of ammonia each day. The Phu My plant uses advanced technology for manufacturing PVC resins used for several applications. The PVC project got the final go-ahead in the second quarter of 2000 and was completed in late 2002. The rice fields of Vietnam require about 1.7 million tonnes per year of urea fertiliser to maintain crop production. Urea is one of the most important chemicals in nitrogenous fertiliser for rice production. Related Suppliers Flexitallic Group - Manufacturing and Supply of High Quality, High Value Sealing The Flexitallic Group is the international market leader in the... See all suppliers Related Projects Yara International Urea Plant The plant is owned and operated by Yara Sluiskil, part of Yara... Matrix Fertilisers and Chemicals' Fertiliser Complex Matrix Group (Matrix) is establishing a new fertiliser complex in...
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