In 2018, the chemical field of PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo, stock code DPM) has been recorded strongly growth because of putting the projects into commercial operation, high quality products, increasing customer trust.
Currently, PVFCCo owns various line of chemical products: ammonia (NH3), pure CO2, formaldehyde /UFC85, chemicals using in drilling, probing, exploitation and treatment of petroleum (PPD, Demulsifier, TEG…). The chemical products are manufactured by PVFCCo, mixed by the leading advanced technology in the world (manufacturing NH3 from natural gas by Haldor Topsoe technology, Denmark; CO2 by Mitsubishi technology, Japan, mixing petroleum chemical products by Baker Hughes technology…) Therefore, such PVFCCo’s chemical products are manufactured with high quality as the same with those by big chemical companies in the world.
The chemical filed of PVFCCo has increasingly and effectively developed and its growth is reached over 23%-100% compared with the same period in 2017, basing on each product.
Customers of PVFCCo are big companies in petroleum area such as Vietsovpetro, PetroVietnam Exploration Production Corporation (PVEP), Drilling Mud Corporation (PVDMC), Japan Vietnam Petroleum Corporation, fertilizers, chemicals manufacturing plants, etc. After period of products use and inspection, PVFCCo chemical products have increasingly won customers’ trust.
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From the beginning of 2018, PVFCCo put into commercial operation of revamped NH3 manufacturing Unit and strengthen exploitation of specialized chemical products, the chemical filed of PVFCCo has increasingly and effectively developed and its growth is increased over 23%-100% compared with the same period in 2017, basing on each product. In 2018, PVFCCo set plan to sell 116,000 tons of chemicals, detailing 55,500 tons of NH3; 50,000 tons of CO2; 9,000 tons of UFC85 and 1,600 tons of other chemicals with expected revenue about VND 600 billion.
