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Chemical Week Magazine :: New Construction Projects

Idemitsu, Mitsui, Kuwait Petroleum proceed with Vietnam investment

12:40 PM MDT | July 1, 2013

Idemitsu Kosan says it has reached a final investment decision to proceed with a previously announced refinery and petrochemical joint venture project in Vietnam. The facilities will be built by Nghi Son Refinery and Petrochemical with coinvestors Mitsui Chemicals, Kuwait Petroleum International, and PetroVietnam (Hanoi). A construction agreement was signed with a construction consortium last January. The jv has also signed project financing agreements totaling $5 billion, toward the overall $9-billion cost of the project, with public financial institutions and...

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