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Vietnam firm launches country's largest solar farm amid renewables drive

October 15/2020

MOSCOW (MRC) -- Vietnamís Trung Nam Group has launched a 450-megawatt solar farm, the largest of its kind in the Southeast Asian country, which is seeking to boost the proportion of renewables while reducing dependence on coal in its power mix, said HYdrocarbonprocesing.

Located in the central coastal province of Ninh Thuan, the 14 trillion dong ($604 million) solar farm is hooked up to the national grid via a 17 km (10.6 miles) transmission line, also built by Trung Nam, the private firm said in a statement.

Facing an imminent electricity shortage, Vietnam is developing renewables, along with LNG-to-power and coal-based projects, as hydropower has been almost fully tapped while oil and gas production has peaked. Plans to build nuclear power plants were scrapped in 2016.

Vietnam plans to raise the proportion of solar and wind energy in its power mix to 15%-20% by 2030 and to 25%-30% by 2045, from 10% currently.

The company said the solar farm, along with its other solar and wind power projects, will help ease the countryís imminent power shortage and diversify power sources.

ďVietnamís solar and wind energy potential is immense and the country is on the right track to rapidly and effectively tap this potential,Ē Trung Nam chief executive officer Nguyen Tam Tien said.

Trung Nam said it was also looking to develop LNG-to-power projects, noting it will initially build a terminal in Ninh Thuan to facilitate the imports of liquefied natural gas for future power plants in the area.

Vietnam is also building a fleet of LNG-to-power plants, with the first to be operational by 2023, an ambitious move that could turn LNG into a major energy source for the country.

As MRC informed earlier, two consortiums led by Hyundai Engineering & Construction and Technip Italy are bidding for a USD1.8 billion project to upgrade and expand Vietnamís Dung Quat refinery. Binh Son Refining and Petrochemical said in a statement the project would raise the refineryís capacity by 30% to 8.5 million tons of crude oil a year, or 170,000 barrels per day (bpd).

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene.
Category:General News
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