This project is expected to limit the import of domestic fertilizer market and adapt the demand for exports.
Vietnam National Chemical Group (Vinachem) recently held an inauguration ceremony of Diamon Phosphate (DAP) Fertilizer Production Plant in Lao Cai province.
The project was built on an area of 72.4 ha in Tang Loong Industrial Zone, Bao Thang district, Lao Cai province with a total investment of VND5.17 trillion ($231.9 million). The plant uses advanced technology and equipment mainly from US and European countries. It has a production capacity of 330,000 tons of diamon phosphate per year with more than61 per cent of total nutrient content and other intermediate products such as 420,000 tons of concentrated sulfuric acid and 162,000 tons of phosphoric acid.
Speaking at the ceremony, Deputy Prime Minister Hoang Trung Hai emphasized that the plant would adapt two thirds (2/3) demand of DAP of the whole country as well as reduce imports. The project is a significant step marking the development of the chemical industry. In the context of international economic integration, the project contributes to increasing the competitiveness of domestic products.
The project was kicked off on December 26, 2011 and on June 30, 2015 the operating trial was completed with the full results indicators on capacity, quality, consumption and environmental standards. The project went into production on July 1 and has produced nearly 130,000 tons of DAP.
At the ceremony, Mr. Nguyen Van Vinh, Secretary of Party Committee confirmed that will contribute to the agricultural development of Vietnam in Lao Cai province. It also contributes significantly to the sustainable development of the province and creates jobs for local laborers. The provincial authorities also committed to create the best conditions for stable production and efficient operation of the plant.
Deputy Prime Minister Hai wanted the company to ensure the long-term effectiveness of the project, and requested the company to enhance effective management and operation as well as safety of the community.