Stavian Quảng Yên Petrochemical and Tecnimont sign contract

HÀ NỘI — Stavian Quảng Yên Petrochemical and Tecnimont on Thursday signed a Front End Engineering Design (FEED) service contract for the Stavian Quảng Yên Petrochemical Plant Project. Alongside working with worldwide leading PDH and PP technology licensors, through international competitive bidding, Stavian Quảng Yên Petrochemical Joint Stock Company recently announced Maire Tecnimont as its Front End Engineering Design (FEED) contractor for the Stavian Quang Yen Petrochemical Plant Project with the estimated completion time of 10 months. Đinh Đức Thắng, Chairman and CEO of Stavian Quảng Yên Petrochemical, said: “The global demand for petrochemical products is expected to increase in line with the strong growth of the downstream manufacturing industry, especially in Asia – Pacific. By choosing a well-known design partner, the company wants to bring Stavian Quảng Yên Petrochemical Plant on par with the other sizable petrochemical manufacturing plants across Việt Nam and the region. Not only that, Stavian Quảng Yên Petrochemical commits to minimising the impact on the environment and accompanying the Vietnamese Government to reach the national net-zero carbon emission target by 2050.