$13 million Top Solvent Haiphong facility opens

April 29, 2019 | 14:10
Top Solvent Co., Ltd. has opened its 27,000 square metre, VND300 billion ($13 million) integrated solvent facility in DEEP C Industrial Zone, gearing up to extending its reach not only in Vietnam, but all across Southeast Asia.
13 million top solvent haiphong facility opens
The inauguration in DEEP C Industrial Zone took place last week in Haiphong

Thai Oil Pcl. (TOP), established in 1961, is one of the leading integrated refinery and ­petrochemical companies in the Asia-Pacific. TOP businesses are structured as an ­integrated operation of long value chains in order to capture and maximise synergy value covering oil refining, aromatics production, lube base oil production, power generation, ­marine transportation, petroleum transportation via multi-product pipeline, marine ­transportation, and related business, renewable energy business and its related products, solvent and chemical products business, and high-level consultancy service in an area of oil refining and petrochemical technologies concerned with energy-related businesses.

Top Solvent Co., Ltd., the marketing arm of Thai Oil Public Co., Ltd., last week inaugurated the facility of Top Solvent Vietnam LLC in DEEP C Industrial Zone in the northern city of Haiphong. This is the second facility of Top Solvent Vietnam, following the first one in the southern province of Dong Nai.

The terminal was built to provide high-capacity storage, solvents, and chemicals storage tanks. The first stage has an ­annual capacity of 50,000 tonnes, to be increased to 200,000 tonnes, aimed to ­develop the northern Vietnamese chemicals industry and ­reinforce Top Solvent’s ­production chain.

Top Solvent has 20 years of experience in the production and distribution of chemicals and solvents. Top Solvent ­Vietnam is one of the market leaders with more than 50 ­high-quality products that meet ­stringent international standards, and are present in 38 countries over the world. Top Solvent has established a new laboratory with state-of-the-art equipment to ensure the ­verification of input and output quality. Besides, Top Solvent ­Vietnam is one of the ­companies in Vietnam with ­integrated internal ports and tanks, allowing faster loading and unloading during export-import, as well as enhancing after sale services with more professional rapport.

In the years to come, the company sees growth potential not only in serving customers in Vietnam, but also in Thailand, Myanmar, and beyond, becoming one of the five biggest companies in the field in Southeast Asia.

“Our company strongly commits to environmental protection, social welfare, and equitable governance during our operations. These criteria guide us to perform as a steward of nature, to manage our relations with our stakeholders and to promote transparency in business and respect for stakeholder rights,” Khun Chatapong Wungtanagorn, representative of Thai Oil, said.

Bruno Jaspaert, general director of DEEP C, said that Thai Oil is a client who takes swift decisions to seize the booming market in northern Vietnam. Thai Oil’s participation proves the region’s growth potential and energy demand. The facility surely provides better alternatives and a cost competitive option for manufacturers sourcing chemicals in northern Vietnam. “Thai Oil is one of the last tenants to join our petrochemical group. Although our ­petrochemical zone is now mostly fully occupied, we will not stop looking for ways of improving ease of business for our clients. We will continue ­investing in jetty infrastructure and operation as well as ­developing the jetty team. Thai Oil will have our devoted ­support for the rest of their ever-expanding operations here in DEEP C,” said Jaspaert.

This is a 67th project inaugurated in DEEP C Haiphong I Industrial Zone, a part of DEEP C Industrial Complex

By Huong Son

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