Petronas opens second LPG plant in Vietnam
KUALA LUMPUR - Petronas officially launched its liquefied petroleum gas (LPG) bottling plant in Dong Nai Province, Vietnam, on Thursday.
In a statement Friday, the national oil company said that the plant is its second LPG facility in Vietnam and marked its entry into the country's southern LPG retail market.
With a production capacity of 62,000 metric tonnes per year, the LPG plant is managed and operated by a newly established wholly owned subsidiary, Petronas (Vietnam) Co Ltd (PVL), it said.
The plant is equipped with 21 filling machines and a 3,000-metric tonne storage tank and employs about 70 people comprising mostly locals from the Dong Nai Province.
PVL oversees the production and marketing of LPG to customers in southern Vietnam and sells its LPG under the brand name GAS PETRONAS, the statement said.
GAS PETRONAS is sold in 12-kg, 45-kg, 48-kg and 50-kg cylinders as well as in bulk, through a network of appointed local distributors and industries throughout Vietnam, with more focus in Vietnam's southern provinces.
The launch of the LPG plant marks another important milestone in Petronas' business operations in Vietnam, particularly in the downstream LPG retail business, and is poised to further strengthen Petronas' position in the LPG market, the company said.
Petronas paved its way into Vietnam's LPG retail business in 1995, when it formed a joint venture company, Thang Long LPG Co Ltd with PetroVietnam Gas to import, store, bottle and market LPG in Hanoi and Hai Phong in northern Vietnam.
The joint venture has built an LPG export terminal and bottling facility in Hai Phong with a capacity of 35,000 tonnes per year.
The launch ceremony was officiated by Vo Van Mot, Chairman of the People's Committee of Dong Nai Province.
Also present was Petronas Vice President of Oil Business Datuk Anuar Ahmad.
The plant was acquired from ExxonMobil (Unique) Vietnam Co Ltd in September 2005.
Bernama (.my) - June 30, 2006.
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