Approval of investment policy for petroleum and petrochemical warehouse, capital of 576 billion VND

Tra Vinh : Approved investment policy for petroleum and petrochemical warehouse, capital of 576 billion VND

The Project's objective is to invest in the construction of a petroleum and petrochemical storage facility and a petroleum import and export wharf in Xoai Rum Hamlet, Kim Son Commune, Tra Cu District, Tra Vinh Province.

Vice Chairman of Tra Vinh Provincial People's Committee, Mr. Nguyen Quynh Thien has just signed and issued Decision No. 365/QD-UBND approving the investment policy and investor for Tra Vinh Energy and Petrochemical Joint Stock Company to implement the Petroleum and Petrochemical Depot Project.

The project has a land and water surface area of about 46.33 hectares; of which, the land area is about 23.33 hectares, the water surface area (Hau River) is about 23 hectares.

The design capacity of the Project is: Construction of a petroleum and petrochemical warehouse with a total capacity of 50,000 m3, including a tank cluster with a capacity of 40,000 m3 and a tank cluster with a capacity of 10,000 m3; warehouse for petrochemicals, packaged products, and bales (solid products).

Construction of specialized wharfs capable of receiving ships with a capacity of 20,000 tons, including: 1 wharf for receiving liquid cargo (210 m long) with an expected throughput of 0.80 ÷ 1.10 million tons/year; 1 wharf for receiving general cargo (300 m long) with an expected throughput of 0.60 ÷ 0.80 million tons/year.

This is a grade I industrial project; a grade II seaport project.

The project has an investment capital of nearly 576 billion VND. The project's operating period is 50 years.

Regarding the project implementation progress, from June 2024 to May 2026, construction and equipment installation will be carried out; from June 2026 to September 2026, oil spill response plans will be developed, risk assessment will be conducted, and petroleum and petrochemical warehouses will be accepted. By November 2026, port security plans will be developed, port acceptance and announcement will be made, and commercial operations will be carried out.

Tra Vinh Energy and Petrochemical Joint Stock Company, business registration certificate No. 2100676187 issued by the Business Registration Office, Department of Planning and Investment of Tra Vinh province for the first time on August 10, 2022, registered for the first change on October 11, 2023; headquartered in Tra Cu town, Tra Cu district, Tra Vinh province.

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