Tan Duc
Representatives of PVFCCo and Toyo Vietnam shake hands at a contract signing ceremony last week - Photo: PVFCCo
The project invested by PVFCCo will go up in the area of Phu My fertilizer plant in Ba Ria-Vung Tau Province. It can annually produce 15,000 tons of UFC85 or 25,000 tons of formalin.
The plant will be operational after 16 months and supply 7,000 tons of UFC85 and 13,000 tons of formalin, which are used in the process of producing urea grains and help harden grains.
Cao Hoai Duong, general director of PVFCCo, said all the urea fertilizer plants in Vietnam had to import UFC85 or formalin from the Middle East. The overseas supply is not stable given many factors, including transportation distance, weather and price.
Therefore, the forthcoming UFC85/formaldehyde plant will help ensure a domestic supply of such materials for production of urea fertilizer. The project is expected to contribute greatly to generating PVFCCo’s profits as a ton of UFC85 is sold at some US$800 and formalin at US$500.
The plant also marks an important step of PVFCCo in its chemical production and product diversity.
Đăng ký: VietNam News