Japanese companies Mitsui Chemicals and Idemitsu Kosan are joining Kuwait Petroleum International and state-owned energy company Petro Vietnam in a joint venture, provisionally called Nghi Son Refinery & Petrochemical

Chemistry and Industry, April 21, 2008 by Neil Eisberg

Japanese companies Mitsui Chemicals and Idemitsu Kosan are joining Kuwait Petroleum International and state-owned energy company Petro Vietnam in a joint venture, provisionally called Nghi Son Refinery & Petrochemical. They plan to build a $5.8bn complex, with a refining capacity of 200 000 bbl/day, in the Nghi Son Economic Zone, Thanh Hoa province, Vietnam, with completion scheduled for 2013.

Idemirsu and Kuwait Petroleum will each hold 35.1% of the jv, with Mitsui having 4.7% and Petro Vietnam, the remaining 25.1%.