Refinery-petrochemicals integration: Downstream trends and recommendations for refineries having Petrovietnam’s contributed capital

  • Huynh Minh Thuan Vietnam Petroleum Institute
  • Le Duong Hai Vietnam Petroleum Institute
  • Vo Thi Thuong Vietnam Petroleum Institute
  • Truong Van Nhan Vietnam Petroleum Institute
  • Nguyen Manh Huan Vietnam Petroleum Institute
  • Nguyen Thi Chau Giang Vietnam Petroleum Institute
  • Nghiem Thi Ngoan Vietnam Petroleum Institute
  • Hua Duy Dat Vietnam Petroleum Institute
  • Dinh Van Nhan Binh Son Refining and Petrochemical Joint Stock Company
  • Nguyen Huu Luong Vietnam Petroleum Institute
Keywords: Energy transition, petrochemicals from crude oil, Dung Quat Refinery, Nghi Son Refinery and Petrochemical Complex

Abstract

Crude oil and natural gas are two important feedstocks for petrochemical production worldwide. At present, the domestic production of petroleum and petrochemical products (e.g. from Dung Quat and Nghi Son refineries) is not enough to satisfy the domestic demand. It is forecasted that materials such as plastics (PE, PP, PVC, ABS, PS) and rubers (SBR, NBR) will still have to be imported to meet the development of some potentially sustainable areas such as electric and electronic appliances, automotive, medicals and pharmaceuticals. In this study, petrochemical production is evaluated on the following criteria: (i) Feedstock and product market; (ii) Historical and forecasted prices; (iii) Technology evaluation, and (iv) Trend and experience on crude oil to petrochemicals. Resulting from that, some potential scenarios are proposed for petrochemical productions in Vietnam in the short-/middle- and long-term based on the imported feedstock and domestic supply.

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Published
2022-12-16
How to Cite
Huynh , M. T., Le , D. H., Vo , T. T., Truong , V. N., Nguyen , M. H., Nguyen , T. C. G., Nghiem , T. N., Hua, D. D., Dinh , V. N., & Nguyen , H. L. (2022). Refinery-petrochemicals integration: Downstream trends and recommendations for refineries having Petrovietnam’s contributed capital . Petrovietnam Journal, 11, 33 - 42. https://doi.org/10.47800/PVJ.2022.11-03
Section
Articles