The Singapore-based SP Chemicals Corporation (SPC) is seeking investment opportunities for its plan to build an oil refinery in the central province of Binh Dinh.
The plan was put forth by SPC general director Chan Hian Siang, who arrived in Binh Dinh on Jan. 31, at a working session with chairman of the provincial People's Committee Vu Hoang Ha.
The province's propitious location on the way to transport materials from Middle Eastern countries for local refineries to meet domestic demand and to export to China is one of the key factors prodding SPC to invest in the province, said the corporation's chief.
Experts from the corporation will be sent to the province to carry out further feasibility studies for the project, he added.
For his part, chairman Ha briefed his guest of Binh Dinh's potentials in general and the province-based Nhon Hoi industrial zone in particular, as well as preferential policies for investors.
While in Binh Dinh, representatives from the Singaporean company were offered a chance to inquire into the Nhon Hoi industrial zone and De Gi port, which are considered favourable locations for the construction of the oil refinery.
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