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Quang Ngai (VNA) – A bio-ethanol plant will be built at the Dung Quat Economic Zone in central Quang Ngai province next year with investment from three subsidiaries of the Vietnam National Oil and Gas Group (PetroVietnam).

The factory, scheduled for completion by 2010, is an investment of the Central Oil and Gas Biofuel Joint Stock Company, jointly set up by PetroVietnam Tourism and Service Company (Petrosetco), the Binh Son Refining and Petrochemical Company and the PetroVietnam Finance Company.-Enditem

Via:VNA

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HANOI, Sept 22 (Reuters) - Petrovietnam plans to import 52,500 tonnes of diesel next month to test run the country's first refinery, the 140,000-bpd Dung Quat plant, which is expected to come onstream next February, the government said.

The state oil group also plans to import liquefied petroleum gas for trial operation of the facility, the government said in a report on the refinery construction progress seen on Monday.

It gave no sources of the diesel and LPG Petrovietnam planned to purchase.

French group Technip, the refinery's engineering contractor, said it had completed nearly 93 percent of the construction and equipment installation.

The $2.5-billion Dung Quat plant will use about 30,000 barrels per day of Vietnam's flagship Bach Ho crude oil when it is put into trial operation in February next year, Petrovietnam officials have said.

The refinery will run at 30,000-bpd capacity for about three months between February and May, after which production would be doubled to 60,000 bpd and then reach full capacity by the end of 2009.

Petrovietnam, Japanese refiner Idemitsu and Kuwait Petroleum International are also building Vietnam's second refinery, the $6 billion 200,000-bpd Nghi Son plant, in the country's north, with completion slated in 2013.

(Reporting by Nguyen Nhat Lam; Editing by Louise Heavens)

Via:forbes.com

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