Thai-led alliance to develop oil refinery and petrochemical complex in Vietnam

Companies from Thailand, China, Australia, Malaysia and the United Kingdom plan to develop a multi-billion dollar crude oil refining and petrochemical complex with annual capacity of 7-8.4 million tons of crude oil in Vietnam 's central Thanh Hoa province. A memorandum of agreement signed by the provincial authorities and Thailand-based Saha Regal Best in late 2007, the Thai firm and its partners - China's Kunming No. 1 Construction and Engineering, Australia's Leighton Holdings, Honeywell Limited and Global Union, Malaysia's Transkon Group, and the UK's Jardin Lloyd Thompson -- want to develop the Nghi Son complex which will produce liquefied gas, unleaded petrol, kerosene, jet fuel, diesel and asphalt. The Thai-led alliance also plans to build a purified terephthalic acid (PTA) plant with annual capacity of 30,000-40, 000 tons, a polyethylene terephthalate (PET) factory with annual capacity of 300,000 tons, a polypropylene plant with annual capacity of 10,000 tons, and a xylene unit with annual capacity of 400,000 tons.
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