Honeywell UOP from the US has agree to provide oil refinery and petrochemical technology, and technical services for the Binh Son Refining and Petrochemical Company Ltd (BSR) following a recent signed memorandum of understanding (MoU) between the two companies. — VNS Photo

Honeywell UOP from the US has agree to provide oil refinery and petrochemical technology, and technical services for the Binh Son Refining and Petrochemical Company Ltd (BSR) following a recent signed memorandum of understanding (MoU) between the two companies.

The managing board of BSR said the MoU, which was signed last week in the central province, will help the company seek technical support, catalysts and and technological solutions from Honeywell UOP for the expansion and upgrade of projects in coming years.

As scheduled, the local giant oil refinery company will start maintaining the Dung Quat Oil Refinery plant in the second quarter of 2017, and again in each of the following three years.

Honeywell UOP, which is the leading international supplier and technology licensor for petroleum refining, gas processing, petrochemical production and major manufacturing, started operations in Viet Nam in 2005, and its technology was used in the Dung Quat refinery as well as a range of solutions and technologies elsewhere in the country including avionics systems, power equipment and parts for aircraft engines, security systems, process control solutions, building automation solutions and specialty materials.

The Dung Quat Oil Refinery plant – one of the Binh Son company's major plants – is operating at 105 per cent of its designed capacity (6.5 million tonnes per year).