The EPC Contract signing ceremony for Phu My Ammonia Plant
The EPC Contract signing ceremony for Phu My Ammonia Plant (revamping) – NPK Plant Complex
In 07th June 2015, at PetroVietnam Building, 18 Lang Ha Str., Ha Noi held the EPC Contract signing ceremony for Phu My Ammonia Plant (revamping) – NPK Plant Complex between the Owner PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) and the contractors: Technip Group, ThyssenKrupp Industrial Solutions (TKIS) and PetroVietnam Technical Services Corporation (PTSC). This is a significant event marking an important milestone of PVFCCo development and products diversification.
The ceremony is honoured to welcome the distinguished guests from The Party, Government, Ministry of Industry and Trade, Party Committee of Central Business Sector, Vietnam National Oil and Gas Group, contractors, licensors, PVFCCo’s partners, major shareholders and dealers and numerous news agencies across the country.
In this ceremony, two EPC contracts were signed. They are: for Phu My NH3 (revamping) - signed between PVFCCo and the contractor consortium of Technip and PTSC and for Phu My NPK Plant with chemical technology: signed between PVFCCo and the contractor consortium of TKIS and PTSC.
EPC Contract for revamping Phu My NH3 applies the most advanced technology of the licensor Haldor Topsoe (Denmark) to increase the capacity of the existing NH3 plant by 90,000 tons/ year, in order to provide feedstock to Phu MY NKP Plant and supply NH3 to customers. The invested capital is 2.876,3 billion dong, to be carried out by the contractor consortium of Technip and PTSC in 26 months, scheduled for commercial operation in 07/2017.
EPC Contract for Phu My NPK Plant with chemical technology with the capacity of 250,000 tons/years is the first in Vietnam to apply the chemical technology – currently the latest technology for NPK production of the Licensor Incro SA (Spain). The invested capital is valued at 2.110,9 billion dong to be carried out in 26 months and expected to provide the market with high quality NPK from 07/2017.
At the ceremony, Mr. Phan Thanh Tung – President and CEO of PTSC said: “Though there are intense competitions among number of qualified and high competitive bidders in the world; we are both awarded by PVFCCo. It is remark of our efforts, good relationship and valuable support from you all. Today, the signing of Contract for Phu My NH3 (revamping) – NPK Complex Project is a result of the above and elaborate negotiation among PVFCCo, Technip, TKIS and PTSC. This is significant progress proving the development of PTSC Corporation in industry and infrastructure sectors. This is also recorded the effectiveness/efficiency of government/PVN’s policies to develop and maximize Vietnamese content; to create a resilient and competitive local business”
The ceremony held at this moment is also a reminder to all of us of the difficulties, challenges in the remaining time of the project that we, all together, have to overcome to safeguard the final success. With PTSC’s experience, the support from PVFCCo and commitment from partners, I am confident that we will complete the Phu My NH3 (revamping) – NPK Complex successfully up to Client’s satisfactions” said Mr. Phan Thanh Tung President and CEO of PTSC.
To mark the important event today and also to express our deepest expectation for the success of this project, PVFCCo presented their gift to the contractors and licensors: The Victorious Horses. The sophisticated pieces of art were created by skillful Vietnam artisans. The ceremony ended in the celebratory atmosphere of the investors, contractors and all guests invited to the ceremony. The success of the ceremony as well as the signing of the two EPC packages affirm the good relationships, the cooperation the credibility and the competence of PetroVietnam Technical Services Corporation(PTSC) with partners / customers in Vietnam and all around the world.