There are quite some major challenges facing Vietnam’s downstream industry.
In the LNG sector, the country lacks of capital investment, a fully developed transnational pipeline grid and a legal frame work covering the midstream and downstream. Now Vietnam has a vision and plan of 4.3 billon USD investment for LNG terminal and power plant to meet domestic demand.
For the refineries, even if NSRP complex is in stable operation as it has been for the past few months, there will still be a large deficit with 89% fuel and only Urea (among petrochemical products) demand met. And yet the refinery expansion for BSR to produce higher quality fuels remains a challenge by 2025. Investment is pending and needed.
On petrochemical side, there is a goal of developing petrochemical complex using Blue Whale natural gas resources and the industry also sees progress being made by Long Son Petrochemical Complex and Hyosung’s PP plant. There are big and untapped potentials for Vietnamese’s petrochemical developments for both foreign investors and local players, especially in plastic and textile sectors.
Vietnam local refining and petrochemical audiences are also keen to get understandings on development of Industry 4.0, Vision for 2050, mega petrochemical project delivery, latest cracker and processing technologies, advanced and economic solutions for producing higher quality of fuels and more.
Continuing the success of 4th annual event last year, Connecforce is bringing a larger conference again to Vietnam with much more bright minds, ideas and insights to be shared on Nov 12-13 in Hanoi.
We look forward to seeing you at our 5th annual gathering!
Register for the event here.
Hanoi, Vietnam | November 13-14