INEOS licenses PP technology for Vung Ro refinery complex in Vietnam

22-Jan-14

INEOS Technologies has licensed its Innovene PP process for the manufacture of homopolymers, random copolymers and impact copolymers to Vung Ro Petroleum at its refinery complex located in Hoa Tam Commune, Dong Hoa District of Phu Yen Province, Vietnam. The 900,000 Innovene PP plant will produce a wide range of polypropylene grades to serve the growing demand in the Asian market. "INEOS Technologies is proud to have been selected by Vung Ro Petroleum as its technology partner for the development of its polypropylene business," said Peter Williams, CEO of INEOS Technologies. "Vung Ro’srefinery project will contribute to the continuing growth of the economy of Vietnam and neighbouring countries.” "We are pleased to have selected INEOS Technologies' Innovene PP process as an integral part of ourrefinery project," said Kirill Korolev, CEO of Vung Ro Petroleum. "The Innovene PP process will provide Vung Ro Petroleum with an advanced polypropylene process with advantaged economics and broad product reach," he added.