NSRP and PVFCCo Sign MoU to Advance Vietnam’s Chemical and Petrochemical Industries
Nghi Son Refinery and Petrochemical (NSRP) and PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – Phú Mỹ) signed a Memorandum of Understanding to collaborate on market intelligence, feasibility studies for ammonia and sulfuric acid projects, and explore downstream petrochemical investments. This partnership aims to strengthen the chemical–petrochemical value chain and enhance Vietnam’s industrial and energy sectors.
On November 15–16, 2025, NSRP and PVFCCo – Phú Mỹ signed a landmark Memorandum of Understanding (MoU) in Kuwait, marking a significant step for Vietnam’s chemical and petrochemical industries. The collaboration centers on sharing market intelligence and exploring trading opportunities for chemical products, with a focus on updating feasibility studies for ammonia (NH₃) and sulfuric acid (H₂SO₄) aligned with NSRP’s 2027 turnaround plans. Both parties will also evaluate investments in downstream petrochemical projects such as carbon black, lube oil, bitumen, and vinyl chloride monomer through comprehensive commercial, technical, and financial assessments. The partnership seeks to build an integrated value chain that enhances efficiency, reliability, and safety by leveraging shared expertise in operations and maintenance. PVFCCo – Phú Mỹ brings extensive experience in fertilizer production and supply chain management, while NSRP operates a large-scale refinery and petrochemical complex vital to Vietnam’s energy security. The MoU highlights the countries' commitment to advancing innovation, strengthening the national industrial ecosystem, and supporting long-term sustainable growth in the petrochemical sector.
