New fertilizer plant to be built in Ninh Bình
VNGOP – An EPC (Engineering-Procurement-Construction) contract was inked between the Việt Nam National Chemical Corporation (Vinachem) and the Chinese Huanqiu Corporation to build a fertilizer plant in the northern province of Ninh Bình.
Photo: VNGOP
The plant requires a total investment capital of US $694 million, 90% of which are preferential loans from China.
The 3 year-and-a-half EPC contract between Vinachem and Huanqiu values US $493 million. Slated for completion in 2010, the plant is expected to turn out 560,000 tons of nitrogenous fertilizer from coal dust supplied by the Việt Nam National Coal-Mineral Industries Group.
By Xuân Hồng