Vietnam Oil and Gas Group (Petro Vietnam) held a ceremony to inaugurate the Ca Mau gas, power and fertilizer complex in Khanh An Commune in U Minh District in the southernmost province of Ca Mau on October 26.
The inauguration of the complex will have a great effect on the southwestern region and the whole country, making important contribution to the socio-economic development of the Mekong Delta in general and Ca Mau Province in particular.
|Ca Mau fertilizer plant products (Photo: SGGP)|
The complex will also attract and develop more trade, services, technical and material demand as well as create jobs for thousands of workers.
Experts estimate that the industrial complex will contribute more than VND1 trillion to the province budget.
The Ca Mau gas, power and fertilizer project was approved by the Prime Minister in 2001 with the aim to explore and use the country’s natural gas resources effectively.
The US$2 billion project includes a PM3-CM gas pipeline, the CM1 and CM2 power plants, the Ca Mau fertilizer plant and many other facilities.
Since its operation, the PM3-CM pipeline has provided more than 7 billion cubic meters of gas for the three power and fertilizer plants in the complex.
As for the Ca Mau Fertilizer Plant, it was implemented in mid-2008 with capacity to produce 800,000 tons of urea per year. Since April 2012, Ca Mau Fertilizer Plant has rolled out more than 400,000 tons of urea, meeting 40 percent of the market demand, while the CM1 and CM2 power plants have generated 32.6 billion kwh of electricity to the national grid.