Signing a MoU on investment in Quang Yen Stavian Petrochemical Plant Project
20:34 | 30/07/2022
|Quang Ninh Economic Zone Management Board signs a memorandum of understanding with Stavian Quang Yen Petrochemical Joint Stock Company and Bac Tien Phong Industrial Park Joint Stock Company.|
Quang Yen Stavian Petrochemical Plant Project is developed on an area of 30 hectares in Bac Tien Phong Industrial Park (Tien Phong commune, Quang Yen town, Quang Ninh province) adjacent to the Quang Ninh - Hanoi - Hai Phong highway as the industrial center of Quang Yen town. The capacity is 600,000 tons of polypropylene/year.
The polypropylene plant with the most state-of-the-art technologies today including PDH technology from Honeywell UOP (USA) and PP technology from LyondellBasell (Italy) ensures the safe, efficient and highly reliable operation, environmental friendly, green- house gas reducing and uses equipment with a high quality from EU and G7.
At present, Quang Ninh economic zone management board is deploying to review and approve the investment registration certificate for Quang Yen Stavian Petrochemical Joint Stock Company.
It is estimated that in the commercial operation phase (expected from the fourth quarter of 2026), Quang Yen Stavian Petrochemical Plant will make a great contribution to the socio-economic development of Quang Ninh province in particular and Vietnam in general.
In particular, the petrochemical plant will attract and motivate investors in the manufacturing field of the back stage in Quang Ninh, because polypropylene is an important input material for many industries such as: household appliances, automobiles, electronics, packaging products, medical materials and equipment.