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Production at two Vietnamese refineries to rise by 7% in Q2 2020   3  

May 28/2020

MOSCOW (MRC) -- The output of Vietnams two refineries in the second quarter is expected to rise 7% from the first quarter to 3.03 million tons on recovering demand, according to Hydrocarbonprocessing with reference to Binh Son Refining and Petrochemical.

Binh Sons 130,000-barrel-per-day Dung Quat refinery will produce 1.53 million tons, while the Nghi Son Refinery will produce 1.50 million tons in the April-June period, the company said.

Demand for refined fuel products is rising rapidly, its deputy chief executive, Nguyen Viet Thang, said in a statement.

Traders said demand for fuel in Vietnam is recovering after it started easing coronavirus movement restrictions last month.

As MRC reported earlier, Vietnams Binh Son Refining and Petrochemical Co will delay maintenance at its Dung Quat refinery until July 27-September 16 due to the coronavirus pandemic. It was scheduled to conduct maintenance at the 130,000-barrel-per-day refinery from June 12 to August 1.

We remind that Binh Son Refining and Petrochemical took its polypropylene (PP) plant off-stream for a maintenance turnaround in June 2017 for a period of around 7 weeks. The exact date shutdown could not be ascertained. Located in Vietnam,the plant has a production capacity of 150,000 mt/year.

According to MRC's ScanPlast report, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, crude and gaz condensate, PP block copolymer, homopolymer PP, petrochemistry, Vietnam, Rossiya.
Category:General News
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