Long-term Off-take Agreement for Polypropylene and Sulfur in Vietnam
Marubeni Corporation has concluded an off-take agreement with Nghi Son Refinery and Petrochemical Limited Liability Company, the operator of the Nghi Son Refinery & Chemical Complex in Vietnam, for its products, namely polypropylene and sulfur. Idemitsu-Kosan Co., Ltd, one of the largest oil refineries and distribution companies in Japan, Mitsui Chemicals, Inc., a major Japanese petrochemical company, Kuwait Petroleum International and PetroVietnam are expected to start construction of the complex and aim to begin commercial production in 2017.