According to proposed research plans, the Ammonia Production Plant is oriented to be constructed adjacent to the existing Ammonium Nitrate Plant in Hung Yen province, with the primary objective of securing self-reliant Ammonia feedstock for Ammonium Nitrate manufacturing.
On August 10, Deputy General Director of Vietnam National Coal - Mineral Industries Holding Corporation (TKV) Nguyen Tien Manh chaired a meeting to review progress on the Ammonia Production Plant Investment Project.
Deputy General Director Nguyen Tien Manh chairing the meeting
According to proposed research plans, the Ammonia Production Plant is oriented to be constructed adjacent to the existing Ammonium Nitrate Plant in Hung Yen province, with the primary objective of securing self-reliant Ammonia feedstock for Ammonium Nitrate production. The Plant is projected to have a capacity of 90,000 tons of Ammonia/year, meeting the raw material demand of approximately 58,000 - 85,000 tons/year of the Ammonium Nitrate Plant. In addition to the primary Ammonia product, the project also plans to recover and produce approximately 50,000 tons of food-grade CO₂/year and 1,600 tons of 98% H₂SO₄/year, contributing to improving the efficiency of resource exploitation and utilization.
The project occupies an estimated land area of approximately 19 hectares. Technological solutions are researched towards applying advanced technologies. The core issue of the project lies not only in optimizing total investment capital, but also in identifying the equilibrium point among capacity scale, product consumption demand, market expansion potential, and overall investment efficiency.
Leadership of Mining Chemical Industry Holding Corporation reporting on project formulation progress.
During the research process, the Mining Chemical Industry Holding Corporation along with the project formulation consultant and verification consultant coordinated to review multiple alternatives to optimize total capital expenditure. One crucial solution is maximizing the utilization of existing shared infrastructure, minimizing duplicate investment, and optimizing capital expenditures.
Alongside capacity scale and market dynamics, technology selection is one of the key areas thoroughly reviewed by the Corporation and the consultant, having evaluated over 20 technological modules based on performance, environmental criteria, automation levels, and suitability with the project's actual operating conditions.
Group Deputy General Director Nguyen Tien Manh emphasized that the Ammonia Production Plant Project is of significant strategic importance in securing autonomous raw material supply, developing the chemical production value chain, and driving new growth momentum for TKV.
Delivering directing remarks at the meeting, Deputy General Director Nguyen Tien Manh acknowledged and highly commended the sense of responsibility and dedication of the Mining Chemical Industry Holding Corporation, the project formulation consultant, and the verification consultant during project research and refinement. This is a critical project of major significance in proactively securing raw material inputs, advancing the chemical value chain, and creating fresh growth momentum for TKV. Therefore, finalizing the project must be carried out with the principle of validating every single input parameter, calculating accurately and comprehensively on transparent foundations, particularly regarding investment efficiency indicators.
Regarding the Feasibility Study Report, the Corporation and the consultant are required to continuously review and update calculation methodologies based on technical-technological parameters and forecast data on coal and Ammonia prices. Price assumptions incorporated into models must possess robust, persuasive justifications during appraisal, reflecting potential market fluctuations. Plant scale alternatives must be established upon comprehensive evidence concerning domestic and external TKV consumption markets, accompanied by technical and environmental considerations. All options must be evaluated synchronously to ensure the project's overarching efficiency.
Source: https://baomoi.com/
