Friday, January 29, 2016
Honeywell (Des Plaines, Ill.) said Jan. 12 it will supply a 250-MMcfd modular gas processing plant and advanced automation systems to PetroVietnam subsidiary PV Gas. PV Gas, Vietnam’s primary gas provider, will use Honeywell’s plant to separate LPG from natural gas at its Ca Mau facility near the southern tip of Vietnam. PV Gas’s capital investment for the project is about $498 million.
PV Gas supplies natural gas to generate nearly 40% of the nation’s electricity, and local production accounts for more than 55% of Vietnam’s domestic demand for LPG. Honeywell notes that, globally, LPG consumption is growing rapidly due to its versatility, low carbon emissions, and energy efficiency. Within Asia, LPG demand is expected to grow at about 8.5% a year through 2020, according to the energy consultancy IHS.
“As part of the largest oil and gas provider in Vietnam, PV Gas is making smart investments in infrastructure and innovative technology to meet the country’s goal of increasing the utilization and profitability of natural gas, and this solution from Honeywell will help us achieve that,” said Huynh Quang Hai, general manager of Ca Mau Gas Processing Plant’s management board. “Honeywell’s modular gas plant and advanced automation controls offer high liquid recovery efficiency, increasing the production of valuable products from natural gas.”
The factory-built modular plant will be installed on site and is expected to begin production in 2017. A consortium that includes Posco Engineering Co. Ltd. and PetroVietnam Technical Services Co. is in charge of engineering, procurement and construction. “Honeywell has worked with PetroVietnam for more than 20 years in refining and petrochemicals, and this project will help Vietnam meet its growing energy demands,” said John Gugel, vice president and general manager of Honeywell’s gas processing and hydrogen business.
PV Gas supplies natural gas to generate nearly 40% of the nation’s electricity, and local production accounts for more than 55% of Vietnam’s domestic demand for LPG. Honeywell notes that, globally, LPG consumption is growing rapidly due to its versatility, low carbon emissions, and energy efficiency. Within Asia, LPG demand is expected to grow at about 8.5% a year through 2020, according to the energy consultancy IHS.
“As part of the largest oil and gas provider in Vietnam, PV Gas is making smart investments in infrastructure and innovative technology to meet the country’s goal of increasing the utilization and profitability of natural gas, and this solution from Honeywell will help us achieve that,” said Huynh Quang Hai, general manager of Ca Mau Gas Processing Plant’s management board. “Honeywell’s modular gas plant and advanced automation controls offer high liquid recovery efficiency, increasing the production of valuable products from natural gas.”
The factory-built modular plant will be installed on site and is expected to begin production in 2017. A consortium that includes Posco Engineering Co. Ltd. and PetroVietnam Technical Services Co. is in charge of engineering, procurement and construction. “Honeywell has worked with PetroVietnam for more than 20 years in refining and petrochemicals, and this project will help Vietnam meet its growing energy demands,” said John Gugel, vice president and general manager of Honeywell’s gas processing and hydrogen business.
