08 Mar - NSRP restarted PP plant in Vietnam, working to stabilize operating rates
Nghi Son Refinery and Petrochemical has reportedly restarted the troubled polypropylene (PP) plant in Vietnam over the weekend following an unexpected shutdown on 13 February 2021, reported CommoPlast.
The unit has an annual output of 370,000 tons/year.
A source close to the producer informed that the plant is currently working to stabilize the operating rate, hence still unable to supply adequate allocation at the moment.
As MRC wrote oreviously, in the third week of September 2020, NSRP restarted its PP unit in Vietnam following a 10 days unscheduled shutdown starting 7 September 2020 due to a persistent technical issue.
We also remind that Vietnam’s Nghi Son oil refinery officially began commercial production from 14 November 2018, following months of tests. The USD9 billion refinery is 35.1 percent owned by Japan’s Idemitsu Kosan Co, 35.1 percent by Kuwait Petroleum, 25.1 percent by PetroVietnam and 4.7 percent by Mitsui Chemicals Inc.
According to MRC's ScanPlast report, PP shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.