Kick-off of the Cai Mep industrial gas plant project (Ho Chi Minh City)

Mr. Dương Tri i, CEO of PVChem, and Mr. Bernd Eulitz, CEO of Messer, signed the joint venture agreement on 11 November 2025, witnessed by the leadership of PVN, Messer, and PVChem. Source: PVN.

The industrial gas plant project in the Cái Mép Industrial Park has a designed capacity of 200,000 tons of industrial gases per year and a total investment of approximately USD 35 million. The project is expected to start construction in Q3 2026 and begin commercial operation in Q3 2028.

The Cái Mép Industrial Gas Plant is designed in line with a green and circular economy model, utilizing cold energy from PV GAS's LNG storage system to provide deep refrigeration for gas separation. The plant will apply Cryogenic Air Separation (CAS) technology from Europe, combined with the recovery of cold energy generated during LNG regasification. This approach significantly reduces electricity consumption and cooling water demand, thereby lowering indirect CO₂ emissions and enhancing overall environmental efficiency. The Cái Mép plant will play a critical role in PVN’s value chain of LNG – industrial gases – clean energy, contributing to energy efficiency, CO₂ reduction, and optimization of existing gas infrastructure.

This is not only a pioneering project in energy transition and circular economy for PVN and PVChem, but also a key initiative assigned to PVChem to promote the national energy strategy.

The project will leverage cold energy from PV GAS’s Thị Vải LNG Terminal for deep cooling instead of relying solely on electricity. This means the energy by-product of one unit becomes the input for another, exemplifying industrial symbiosis.

In this project, PV GAS will play a pivotal role by ensuring a stable and reliable supply of cold energy from the LNG terminal - an essential condition for the project’s success.

Additional information about PVChem and Messer:

PVChem is a member company of PVN, operating in petrochemical services, industrial chemicals, technical services, green production, and renewable energy. With more than 35 years of development, PVChem aims to become a leading regional enterprise in industrial chemicals and technical services, and a pioneer in green transition and circular economy development.

Messer is the world’s largest privately owned industrial gas specialist, with 127 years of experience and operations in more than 60 countries. Active in Vietnam since 1997, Messer is among the largest German investors in the country, operating plants in Hải Phòng, Thái Nguyên, Quảng Ngãi, Bình Dương, and Tây Ninh./.

[*] https://www.pvn.vn/khoi-dong-lien-doanh-khi-cong-nghiep-cai-mep-giua-pvchem-va-messer-31378#images-1