KPC-backed Nghi Son to sell 8,000 tons of polypropylene
Meanwhile, a high-ranking oil industry source confirmed that these developments at the Nghi Son refinery coincide with an exceptional operational surge. The refinery, which has a baseline design capacity of 200,000 barrels of crude oil per day, equivalent to 10 million tons annually, has successfully increased its operational efficiency and refining rates to between 120 and 125 percent of its design capacity. It was noted that the dynamic activity and accelerated operations at these overseas refineries represent far more than routine business.
They clearly reflect the success of Kuwait’s international partnerships in pursuing promising and highly profitable investment opportunities in Asia’s refining and petrochemical sectors. Furthermore, they demonstrate Kuwait’s robust capability to meet growing global demand for high-value petroleum products. It was also highlighted that the global petrochemical market is currently witnessing fierce competition to secure sustainable market shares for propylene.
This trend is driven by positive forecasts from research centers predicting continued growth in demand, particularly in Southeast Asia, the engine of global economic growth. In this context, the Kuwait-backed Nghi Son refinery’s plan to supply substantial quantities to its customers is of critical importance. This move strengthens the company’s financial position and boosts returns for its partners, foremost among them the Kuwait Petroleum Corporation (KPC). KPC continues to make steady progress toward achieving the ambitious goals of its 2040 strategic vision, which aims for qualitative expansion in the integrated petrochemical sector