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IIR Industry Alert: Vietnam Spreads Fertilizer And Power Production Project Investment.


Business Editors

HOUSTON--(BUSINESS WIRE)--May 13, 2002

Researched by Industrialinfo.com (Industrial Information Resources (1) The data and information assets of an organization, department or unit. See data administration.

(2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT.
 Inc.; Houston). A $360 million fertilizer plant project at Phu My, Baria Vun-Tau Province, Vietnam, should be ready for operation in 2004. The Vietnam Oil and Gas Corporation (Petro, Vietnam) awarded the project contract to a consortium of Technip and Samsung Engineering Samsung Engineering Co., Ltd. (SECL, Hangul: 삼성엔지니어링 Hanja: 三星엔지니어링) is the first and largest domestic engineering firm, was established in 1970 and has its headquarters based in  in 2001.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

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 the Ministry of Agriculture and Rural Development (MARD MARD Ministry of Agriculture and Rural Development
MARD Mean Absolute Relative Difference
MARD Modernization and Restructuring Demonstration
MARD Marine Assistance Request Broadcast (US Coast Guard)
MARD Multiple Antenna Receive Diversity
), the country needs about 3.4 million tons of various fertilizers in order to meet the strategic food output target of 43 million tons in rice equivalent within the next 20 years. Vietnam's chemical fertilizer industry can presently meet only 8% of the domestic demand for urea fertilizer and 70% of the demand for phosphate fertilizer. The new Phu My plant is expected to meet about 35% of the internal demand.

The project helps to minimize the import of fertilizer and to promote agricultural production in Cuu Long Cửu Long (literally "nine dragons"; Hán Tự: ) was a province on the Mekong Delta in southern Vietnam. It was created in 1976 from the merger of Vinh Long Province and Vinh Binh Province. In 1992 Cuu Long was re-split into Vinh Long and Tra Vinh provinces.  (Mekong) Delta River Valley. It will also contribute to establishing and developing the Phu My industrial zone. An industrial park including gas-powered thermo-electrical power plants is under construction at Phu My. The plants will have a total generating capacity of 3,000MW, fuelled by associated gas from offshore oil and gas fields.

For more information including Vietnamese fertilizer and power project details, view the entire article at www.industrialinfo.com.

Established in 1983, Industrial Information Resources Inc. (IIR IIR - Infinite Impulse Response ) is a leading information source for market intelligence covering the industrial process, manufacturing and energy markets. IIR products include: project leads, plant databases, market analysis and statistics, industry forecasts and software solutions. For more information on trends and upcoming construction activities in the chemical processing (CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch.

(2) (Counts Per I
), energy and other industrial sectors, send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.
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Publication:Business Wire
Date:May 13, 2002
Words:300
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