PetroVietnam develops clean energy project
The Viet Nam National Oil and Gas Group (PetroVietnam), in cooperation with China ’s XinAo Group, is considering a 700-million-USD project to produce clean energy in Thanh Hoa province’s Nghi Son district.
The project will include a storage system and port for receiving liquefied natural gas (LNG) and a distribution system with an annual capacity of 3 million tonnes, which will be increased to 6 million tonnes in the future.
The project will also produce dymethyl ether (DME) that will be mixed with liquefied petroleum gas (LPG) to provide lower-cost LPG.
The Chinese partner will contribute 55% of the project which will have initial total capital of 30 million USD. (VNA)
