5 July 2004 – The Viet Nam Oil and Gas Corporation (PetroVietnam) has completed construction on the country’s largest fertiliser manufacturing facility.
The new Phu My Fertiliser Plant will be ready for operation in several months.
Vu Manh Quang, head of the Administration Division of Phu My Fertiliser Plant Project’s Management Board, said workers have completed their first test run on the $445m fertiliser processor.
The fertiliser manufacturer, located in Phu My Industrial Park in Tan Thanh District of Ba Ria-Vung Tau Province, is the country’s first plant to use a natural gas processing area.
The creation of the new plant aims to ensure a stable supply of fertilisers for agricultural development. Plans for the processor were approved by Prime Minister Phan Van Khai in February 2001. The new facility also aims to take fuel from the huge natural gas reserve of Nam Con Son Basin, off the shores of southern Vietnam.
Quang said that at present, the fertiliser is consuming gas supplied by the oil fields of Bach Ho and Rang Dong. Officials hope to replace this fuel with gas from the Nam Con Son Basin in the near future.
Phu My Fertiliser Plant, which turned out its first products on June 3, was designed to turn out 2200 t of urea fertilisers and 1350 t of ammonia per day.
PetroVietnam plans to give the plant to its subsidiary, PetroVietnam Chemicals and Fertiliser Co., which was established in January 2004.
Quang said the company would employ more than 720 workers and some 250 engineers.
Phu My Fertiliser Plant is expected to meet one-third of the domestic market’s demand for fertilisers.