Market and product
Ninh Binh markets first urea products
Ninh Binh urea plant last week began launching its first commercial products after nearly four years of construction, said Vu Van Phuong, deputy director of the factory under Vietnam National Chemical Group (Vinachem).
The plant is expected to operate in full swing with the highest output of 560,000 tons a year in June to supply the country’s north, Phuong told the Daily. The factory in Khanh Phu Industrial Park in Yen Khanh District in the northern province of Ninh Binh would only meet the north’s demands before considering exporting products to other Asian markets, he said.
Work started on the US$700-million fertilizer project in 2008, which runs on coal dust from mines in the northern province of Quang Ninh.
Phuong said Vinachem was investing an additional US$500 million to raise Ha Bac urea plant’s capacity from 170,000 tons a year to around 560,000 tons.
The combined output of all the major urea plants in the nation, including Phu My, Ca Mau and Ha Bac, amounts to 2.7 million tons a year. This means Vietnam will obviously shift from being a urea importer to an exporter in the coming time as local demand stays at around two million tons a year.Source:http://businesstimes.com.vn
