Comments

The construction of an underground liquefied petroleum gas (LPG) storage cavern in Ba Ria - Vung Tau Province has been hastened so that it can be completed in about two months, as originally scheduled. This underground storage cavern, located in the southern Vietnamese province’s Phu My Town, is a key part of the US$1.35 billion polypropylene factory project of Hyosung Vina Chemicals Co., Ltd. (Hyosung Vina Chemicals), a South Korean company. The investor told Tuoi Tre (Youth) newspaper reporters at the construction site that 95 percent of the workload has been completed. The facility, located at a depth of up to 200 meters below sea level, has a total capacity of up to 240,000 metric tons, making it the largest-ever of this kind in Southeast Asia, according to the investor. Engineer Pham Thi Hong gestures while introducing the operating principles of the underground LPG storage cavern in Ba Ria-Vung Tau Province, Vietnam. Photo: Dong Ha / Tuoi Tre The construction of the storage cavern is expected to be completed in late June this year, Ba Ria - Vung Tau online newspaper reported. When the cavern is in operation, LPG will run storage through the specialized pipes connected to a pumping system. All activities related to the facility will be closely monitored through pressure and seismic sensors. Regarding the reason why the storage cavern occupies a 60-hectare area that was once marshy, experts explained that from the ground surface to a depth of 60 meters is the layer of mud and soft soil but underneath this layer is a stratum of very solid granite. Wie Chol Ryang, operating director of the underground storage, said that this facility is nearly absolutely protected from natural disasters including earthquakes, tsunamis or volcanic eruptions. These are prerequisites for Hyosung Vina Chemicals to decide to build an underground facility in this area. The storage cavern has an expected lifespan of 50 years, and when the term is …

[Read more...] about SE Asia’s largest underground LPG storage nears completion in southern Vietnam

Solar energy is regarded as savior for Vietnam, the country of two-digit energy demand growth annually. Many global experts have recommended a number of measures to help Vietnam tap its great solar power potential which is around 13.5 gigawatts (GW) in planning for the next decade starting from 2020. Vietnam plans to develop roughly 13,000 MW of solar power in the next decade Most of the suggestions in the recent webinar held by Energy Box have focused on sustainability, use of technology, and growing environmental and climate concerns in Vietnam’s renewable energy landscape. The solutions help dwell more on the current scenario and ways to accelerate solar development in Vietnam, the largest installed capacity of solar panels in the whole region. Samresh Kumar, chairman of Vietnam-based skyX Solar, pointed out that the major challenge is the threshold capacity, saying that the Vietnamese government should increase it to break the barrier and to accelerate development while a clear regulation should be made. “In Vietnam, regulations are improving in a right direction. Its capacity has been increased to 1GW in a year and has a potential of development of 18GW by 2030,” he said, adding that there are many advantages like no land requirement and licensing is much easier. Jose Antonio Milan Ruano, Chief Global Development Officer at Spain-headquartered Univergy Solar, exclaimed “There is huge potential in market.” He said that they have been able to drive the market through real corporate power purchase agreements (PPAs). He stressed the need of competitive process of tenders for sub-contractors, subsidy for floating solar among others as it has real potential in Southeast Asia, particularly Vietnam. Tong Phan Long representing Wealth Power Group appreciated the investment landscape in Vietnam, informing that they have the biggest project of 4,000 MW in central Vietnam, for which they have already signed the mandate with the …

[Read more...] about How world experts advise Vietnam to accelerate 13GW of solar power?

Hai Van Pass among ten most beautiful drives worldwide Hai Van Pass Hai Van Pass in Da Nang city has been listed among the 10 most beautiful drives in the world, according to a recent article published by Travel + Leisure magazine. Hai Van Pass has been dubbed "one of the best coast roads in the world" by Jeremy Clarkson, former host of British motoring show Top Gear. The website also recommends that those travelling along the route take the road slow as conditions can become a slightly foggy. Running for a total length of 20km, the pass has become one of the most popular destinations for visitors to snap photographs, with over 52,000 photos taken at the site uploaded to Instagram. The global list is based on analysis provided by Pentagon Motor Group (PMG), which searches more than seven million Instagram hashtags in order to uncover the world's most stunning routes. As part of PMG’s research, they discovered that the Great Ocean Road in Australia is the most beautiful road trip in the world, followed closely by the Big Sur in the United States and Jebel Hafeet in the United Arab Emirates. Vietnam extends condolences to Indonesia over sunken submarine Minister of Foreign Affairs Bui Thanh Son on April 26 sent a message of condolences to his Indonesian counterpart Retno Marsudi over the sunken submarine KRI Nanggala-402. Indonesia’s Antara News Agency reported that KRI Nanggala-402 became untraceable on April 22 during live torpedo training exercises off the Indonesian holiday island of Bali. The 40-year-old submarine was found split into three pieces on the sea bed after five days of search efforts. All the vessel's 53 crew have been confirmed dead./. HCM City cancels fireworks celebrating National Reunification Day Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on April 26 cancelled the fireworks display celebrating the South Liberation and National Reunification Day (April 30) and May Day (May 1) …

[Read more...] about VIETNAM NEWS HEADLINES APRIL 27