9th Refining & Petrochemical Innovation Conference Vietnam 2024

Vietnam's economy is thriving combined with an increased demand in petroleum and petrochemical products. By 2045 Vietnam will require an additional 12 million tonnes of petroleum and 3.5 million tonnes of petrochemical products per annum. The fluctuations in global oil & gas prices combined with the fact that current domestic supply can only meet 70% of the demand have underlined the need for improving oil refinery capacity in the country to help reduce reliance on imports.

Binh Son Refining and Petrochemical plans to expand the capacity of its Dung Quat oil refinery located in central Vietnam from 148 kb/d to 171 kb/d (or 6.5 Mt/year to 7.6 Mt/year). Nghi Son will boost its operating capacity by 15% to 20% in order to ensure stable supplies. The 200000-bpd Nghi Son Refinery and Petrochemical is currently operating at 100% of its designed capacity. Long Son petrochemical complex in Ba Ria - Vung Tau province is set to start commercial operations in the third quarter of 2024 comprising an upstream Olefins plant and three downstream Polyolefin plants marks Vietnam's first fully integrated petrochemical facility. With an investment totaling approximately $5.4 billion the complex aims to produce 1.4 million tons of olefin resin annually including key materials for the plastics industry like polyethylene and polypropylene reducing the country's reliance on imported products and enhancing domestic market competitiveness.

9th Refining & Petrochemical Innovation Conference Vietnam 2024 (RPIC Vietnam 2024) scheduled on Oct. 30-31 2024 Hanoi Vietnam will gather 300+ government officials refinery and petrochemical project owners EPCs & Consultings global leading process technologies software and digital technology suppliers cybersecurity solutions equipment vendors and ect. to discuss the most pertinent issues and facing opportunities & challenges today.