US$3.2 bln oil refinery project starts construction in Phu Yen
(VOV) -A groundbreaking ceremony was held on September 9 for a US$3.2 billion oil refinery project at Hoa Tan industrial park in the central coastal province of Phu Yen.
Covering 538ha, the foreign-invested project is the largest of its kind in Phu Yen and the third biggest in Vietnam at present.
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With a design capacity of churning out 8 million tonnes per year, the refinery aims to process and distribute polypropylene, benzene, petrol RON 92 & 95, jet fuel, diesel, FO and other petrochemical products.
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More than 900 households have to move to other places to provide land for the project, which is expected to stimulate local socio-economic development.
Vice Chairman of the Phu Yen provincial People’s Committee Le Van Truc said Vung Ro is a landmark project in the locality and he asked investors to ensure the project is undertaken on schedule.