Oil Refining and Used Industrial Oil Recycling Plant to Be Built in Vietnam

Deputy Minister of Natural Resources and Environment Bui Cach Tuyen recently received and hosted a working meeting with Mr Plamen Bobotov, President of Prista Oil Company of Bulgaria, on an oil refining and used industrial oil recycling project in Vietnam. This project will create an effective system for the preventing of used oil discharged into the environment which Vietnam lacks handling experience.

 

This project will be built on an area of ​​approximately 30,000 m2. As planned, the first phase of the project will be collecting 40,000 oil barrels (roughly 20 percent of the total sales of lubricant that can be used instantly in Vietnam). The second phase will be collecting 80,000 barrels and producing 310,000 barrels per year. With the aim to prevent waste oil from being discharged into the environment, the project will help fulfil the orientations of the European Union in the utilization of hazardous waste keep the environment clean. Besides, the project will also contribute to projecting the image of Vietnam to the international community in the field of hi-tech investment in eco-friendly products.