Tuesday,  Sep 25, 2018,09:53 (GMT+7) 0 0
Vung Ro, Danish firm join forces in bitumen production
Thuy Dung
Friday,  Jan 12, 2018,21:33 (GMT+7)

Vung Ro, Danish firm join forces in bitumen production

Thuy Dung

HANOI - Vung Ro Petroleum Co Ltd, the investor of the Vung Ro oil refinery project, on January 11 inked a cooperation agreement with DenimoTech company of Denmark to develop a bitumen production plant at the oil refinery complex.

The plant will have a capacity of 12,000 tons of bitumen in the first phase and 30,000 tons in the second phase. The product will be supplied to the local market and exported to other regional countries.

Kirill Korolev, general director of Vung Ro Petroleum Co Ltd, did not reveal the specific investment in the project, saying the figure might amount to hundreds of millions of U.S. dollars.

The plant will use waste products of Vung Ro oil refinery but will initially import materials to produce asphalt for road construction. The first phase of the project is expected for completion next year and the second phase in 2020, said DenimoTech CEO Rene Ziegler.

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