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Marubeni concludes long-term offtake agreement for PP and sulfur in Vietnam

2:24 AM MDT | June 26, 2013 | Francinia Protti-Alvarez

Marubeni has concluded an offtake agreement with Nghi Son Refinery and Petrochemical (NSRP), the future operator of the Nghi Son Refinery and Chemical Complex in Thanh Hoa Province, Vietnam, for polypropylene (PP) and sulfur, Marubeni announced today. The previously announced NSRP complex is a joint venture among Idemitsu Kosan, Mitsui Chemicals, Kuwait Petroleum International, and PetroVietnam (Hanoi). The complex is expected to start commercial production in 2017. Marubeni will offtake a portion of the 370,000 m.t./year of PP produced at the...

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