Marubeni secures contract for entire propylene output from first Vietnamese refinery

30-Sep-08

For the years 2009 and 2010, Japanese trader Marubeni has secured an option to market the entire propylene output of Dung Quat - Vietnam´s first state-owned refinery. The 140,000 bpd refinery, owned by PetroVietnam, is scheduled to come on stream in February 2009. Propylene output from the refinery will total to 75-100,000 tpa. In the absence of downstream plants, the refinery will be unable to use the output for captive consumption. The propylene will be processed only in 2011, when Vietnam´s first PP plant goes on stream