Friday, January 04, 2008

New $232 million polypropylene plant for Dung Quat EZ in Vietnam

The Viet Nam Oil and Gas Corp (PetroVietnam) and a consortium headed by a the Korean construction company Hyundai Engineering Co Ltd last week signed an engineering, procurement and construction contract to build a US$232 mln polypropylene manufacturing plant in Dung Quat Economic Zone. The contract will allow the consortium to build the first such plant in Viet Nam on 15 ha in the zone. The plant, designed to consume 260,000 tpa of propylene, will become operational in 2009.

The contractor consortium of LG International Corp., PV Engineering, PV Construction and Huyndai Engineering Co. Ltd. will cover engineering, general and detail design, procurement, construction and run tests over 28 months.