Marubeni has signed an off-take agreement with Nghi Son Refinery and Petrochemical company for polypropylene and sulfur products in Vietnam.

Nghi Son Refinery and Petrochemical company is the operator of the $9bn Nghi Son Refinery & Chemical Complex to be built in Vietnam.

The shareholders of the complex, Idemitsu-Kosan, Mitsui Chemicals, Kuwait Petroleum International and PetroVietnam are expected to start construction of the facility and begin commercial production in 2017.

As per the agreement, Marubeni will off-take a part of the annual production of 370,000 million ton (MT) of Polypropylene for a long-term period to distribute mainly within the Vietnamese domestic market and export partially.

Marubeni will also purchase more than half of the annual production of sulfur for the long-term period to distribute domestically in Vietnam and also for export.

Polypropylene is polymerized propylene, which is processed from heavy oil recovered from the oil refining process in the complex.

The 200,000 barrels per day Nghi Son Refinery and Petrochemical Complex will be built about 200km south of Hanoi in Tinh Gia District of Thanh Hoa Province.

It will produce 700,000MT of Para-Xylene, 240,000MT of Benzen, 370,000MT of Polypropylene, and Sulfur.

Idemitsu Kosan and Kuwait Petroleum International each have 35.1% interest in the complex, PetroVietnam owns 25.1%, and Mitsui Chemicals holds 4.7%.