Dinh Vu Polyester Plant (PVTex) resuming operations at its factory and PetroVietnam’s restarting of its group of biofuel factories are just two of many positive developments at the loss-making projects run by the Ministry of Industry and Trade (MoIT). The Dung Quat Bio-Ethanol Plant of PetroVietnam Central Biofuels JSC Hoang Quoc Vuong, Deputy Minister of MoIT, has just announced that the biofuel factories of PetroVietnam have been restarting and will be able to sell products in March. Also in March, PVTex will re-open its factory after signing a sales contract. Within the second quarter of this year, PVTex will choose a foreign or domestic firm to collaborate and operate the whole factory. Nguyen Vu Truong Son, general director of PetroVietnam (the parent company of PVTex), said that after resuming operations at the polyester plant and agreeing on a method of co-operation, it will take 3-6 months to resume the operations of the whole of PVTex. Partners of PVTex want to solve technical barriers to importing polyester raw materials and ensure a stable power supply at DeepC Industrial Zone. Dung Quat Shipyard (DQS) is looking for an agency to settle and audit the EPC contract of its 104,000-tonne ship purchase. Additionally,… Read full this story
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