Investment opportunities to produce petrochemical products from olefin

  • Nguyen Thuan Yen
  • Nguyen Anh Tuan
  • Le Duong Hai
  • Tran Nam Thanh
  • Nguyen Dai Long
Keywords: Petrochemical industry, petrochemical products, petrochemical chains, investment opportunities, olefin

Abstract

With the aim of developing the petrochemical field to meet the domestic demand and move towards export, the Vietnam Petroleum Institute (VPI) has studied opportunities for investment in the production of petrochemical products. Accordingly, the products of petrochemical complexes are essential products from two sources of olefin materials (ethylene and/or propylene) produced through the methanol conversion process. The proposed products include SM (styrene monomer), PS (poly styrene), PMMA (polymethyl methacrylate), EVA (ethylene vinyl acetate), AA (acrylic acid), 2-EH (2-ethylhexanol), 2-EHA (2-ethylhexyl acrylate) and n-butanol.

The article analyses the opportunity to invest in the production of petrochemical products in Vietnam from olefin, particularly in terms of product consumption, technology and financial feasibility. On the basis of comparing total investment and the economic efficiency of complexes producing petrochemical products from olefin, the authors propose to develop a complex to produce MMA, PMMA and EVA from ethylene as well as recommend suitable mechanisms/conditions to help the Vietnam Oil and Gas Group have the basis for selection of effective investment projects.

References

1. Trần Nam Thanh, Trần Hồng Loan. Đánh giá, xếp hạng các tổ hợp chế biến sâu khí. Tạp chí Dầu khí. 2014; 9: trang 46 - 51.
2. Trương Minh Huệ, Lê Dương Hải, Nguyễn Anh Tuấn, Nguyễn Thị Hoài Ân. Sản xuất các sản phẩm hóa dầu từ khí thiên nhiên mỏ Cá Voi Xanh. Tạp chí Dầu khí. 2017; 1: trang 55 - 65.
3. Nexant. Giá dự báo. 2017.
4. IHS. PEP yearbook. 2014.
5. IHS. Chemical economics handbook. 2014 - 2015.
6. Viện Dầu khí Việt Nam. Thị trường các sản phẩm hóa dầu giai đoạn 2010 - 2017. 2018.
7. Cục Thống kê. Số liệu Hải quan. 2010 - 2017.
8. Bộ Công Thương. Thông tin thương mại. 2010 - 2017.
Published
2019-05-31
How to Cite
Nguyen Thuan Yen, Nguyen Anh Tuan, Le Duong Hai, Tran Nam Thanh, & Nguyen Dai Long. (2019). Investment opportunities to produce petrochemical products from olefin. Petrovietnam Journal, 5, 41-47. https://doi.org/10.25073/petrovietnam journal.v5i0.258
Section
Articles