PVFCCo signed EPC contract to expand Phu My NH3

The PetroVietnam Fertiliser and Chemicals Corporation signed in Ha Noi yesterday an EPC Contract to revamp the Phu My NH3 and NPK complex.

According to Cao Hoai Duong, PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) president and CEO, the fact that PVFCCo selects the world’s most advanced technologies, the equipment of European origins and the contractor consortium including the reputable group and companies experienced in large global projects will ensure timely and safe project completion with high-quality products of international standard.

“After 26 months of implementation, the project is expected to be brought into operation in the second quarter of 2017, raising PVFCCo to a new height of development,” said Duong.

He added that in addition, this project was a typical demonstration for the use of internal resources within the oil and gas industry to support the agriculture of our country with high quality fertilizers.

Phu My NH3 (revamping) - NPK Complex covers an area of over 15 hectares, on the land of Phu My Fertilizer Plant at Phu My 1 Industrial Zone, Ba Ria - Vung Tau Province.

The total invested capital of this complex project is nearly VND5,000 billion ($237 million), with 70 per cent financed by bank loan and 30 per cent by the owner’s equity.

It will consist of two parts: NH3 Unit (revamping) and Phu My NPK Plant.
The NH3 Unit (revamping) will increase the current NH3 output at Phu My Fertilizer Plant to 540,000 tonnes per year from the current 450,000 tonnes per year.

It will use the technology from Haldor Topsoe A/S (Denmark).

The EPC contractor consortium consists of Technip Group (previously also the contractor for Phu My Fertilizer Plant) and Petrovietnam Technical Services Corporation (PTSC).

According to PetroVietnam Fertilizer and Chemicals Corporation, a part of NH3 produced will be used as direct feedstock for Phu My NPK Plant, the other part will satisfy the domestic demand for NH3, which is still in great shortage.
The projected Phu My NPK Plant with capacity of 250,000 tonnes per year, is the first in Vietnam to apply the chemical technology of Incro SA (Spain), the most advanced technology in the world to produce high-quality NPK fertilizer with guaranteed content of all necessary elements that are suitable to crops at different growth periods and under different soil conditions.

The contractor consortium is ThyssenKrupp Industrial Solutions and Petrovietnam Technical Services Corporation (PTSC).

Vietnam demands around four million tonnes of NPK every year, of which high quality NPK fertilizer can only meet from 5 to 10 per cent.

The products of Phu My NPK Plant will replace most of currently imported NPK.