Maire Tecnimont Secures Contract For The Polypropylene Plant Worth USD 1.5 Billion In Vietnam

Maire Tecnimont Received The USD 1.5 Billion Deal To Construct A Polypropylene Plant In Vietnam

According to Vietnam's Stavian Quang Yen Petrochemical JSC, Maire Tecnimont, an Italian engineering group, has successfully acquired the contract for designing a polypropylene plant in the country worth an investment of USD 1.5 billion.

Both groups have signed a 10-month Front End Engineering Design contract in Hanoi for the same. The plant will be constructed in Quang Ninh's northern province.

Request Access For the Latest Price Trends of Polypropylene (PP)

As per the company, the facility will be commercially operational by Q4 of 2026 and have an annual polypropylene production capacity of 600,000 tonnes. The polypropylene produced will be supplied to manufacturers of end-user industries like household appliances, medical equipment, automobile, and electronics.

The petrochemical facility will reportedly use advanced equipment that guarantees sustainable production and lower greenhouse gas emissions.

Cutting-Edge Technologies

For the project, many proponents offered the most state-of-the-art technologies used to produce PP, per Stavian. These comprised propane dehydrogenation (PDH) technology by Honeywell UOP (US), a global leader for petroleum refining, gas processing, and petrochemical production, and PP technology by LyondellBasell, an Italian company that produces plastics and chemicals.

PP Producers in Vietnam

Stavian Chemical is the most significant distributor of polymers in Vietnam. It is headquartered in Hanoi, and its new facility will be a three hour drive (northeast) from it. The company operates in many regions, including China, South Korea, Indonesia, Thailand, the Philippines, and Ho Chi Minh City.

Besides Stavian, other producers of polymers in Vietnam include South Korea’s Hyosung, Nghi Son Refinery and Petrochemical, and Binh Son Refining and Petrochemical.

Read More About Polypropylene (PP) Production Cost Reports - Get Free Sample Copy in PDF

According to the article by Procurement Resource, Maire Tecnimont, an Italian engineering group, has obtained a contract from Stavian Quang Yen Petrochemical JSC based in Vietnam to build a USD 1.5 Billion polypropylene plant in Vietnam. A 10-month Front End Engineering Design contract was signed by both groups to finalise the deal.

The project will likely be finished by Q4 of 2026 and will have a polypropylene production capacity of 600,000 tonnes. The plant will have world-class technology installed to carry out operations sustainably while producing lesser greenhouse gas emissions.