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According to local media reports, Binh Son Refining and Petrochemical JSC (BSR) will be spending VND31.2 trillion or USD1.3 billion to upgrade and expand its oil refinery in Quang Ngai Province, central Vietnam. 

The project, once completed in the first quarter of 2028, will boost the refining capacity by 15.5% to 171,000 barrels per day from the existing 148,000 barrels per day.   

The project is introduced in an attempt to boost the socio-economic development of the country, primarily the central region. Upon expansion, the BSR will operate five more auxiliary and peripheral workshops with state-of-the-art, patented technology. The workshops will be broken down into several branches, one that works in processing gasoline with hydrogen, another for processing diesel with hydrogen, an alkylation workshop, a hydrogen production workshop and a sulfur recovery workshop.

The refinery granted $810.4 million to the nation’s reserves last year and with the expansion in full force, the refinery’s contribution is estimated to rise by nearly $59.7 million/year. 

BSR also operates a 150,000 tons/year PP plant at the same location. The company has not disclosed any plans for the PP unit at the time of this report.