Construction of Nghi Son Refinery and Petrochemical Complex started in Nghi Son Economic Zone in Thanh Hoa province on October 23.
At the ground-breaking ceremony, Prime Minister Nguyen Tan Dung said the Nghi Son complex is of great significance to ensuring national energy security in the implementation of the socio-economic development strategy.
Built on 400 hectares at an estimated cost of US$9 billion, it has a design capacity of 10 million tonnes per year (200,000 barrels per day).
Once completed, the project together with the Dung Quat Oil Refinery will meet two-thirds of total requirements for oil refinery products in the national industrialisation and modernisation process.
The modern oil refinery complex also includes a 2,400MW thermal power, a cement plant to produce 9.3 million tonnes per year, and a transport system to link deep-water ports. It plays an important role in promoting investment in Nghi Son EZ and surrounding areas.
Source : VOV Online