Idemitsu Kosan Co. forms Nghi Son Refinery & Petrochemical Limited Liability Company
Clients Idemitsu Kosan Co., Ltd.
Jones Day advised Idemitsu Kosan Co., Ltd. in connection with the establishment of the joint venture Nghi Son Refinery & Petrochemical Limited Liability Company for the conduct of the engineering design and construction of the Nghi Son Refinery & Petrochemical Complex. The other members of the joint venture include Petro Vietnam, Kuwait Petroleum Europe and Mitsui Chemicals, Inc. The complex will be located in Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Viet Nam with a capacity of 200,000 bbl./day. Initially capitalized at USD 200 Million, if the parties elect to proceed with the project following the Front End Engineering and Design study, the total project cost will be in excess of USD 6 Billion. The project is the largest industrial investment licensed in Vietnam.