Petrochemical and Gas Services Corporation (PVChem) is a member unit of the Vietnam National Industry - Energy Group (Petrovietnam).
Joint venture between PVChem and Messer SE Co. K GaA (Germany) will invest in the construction of an industrial gas factory in Cai Mep Industrial Park, Ho Chi Minh City, with a capacity of 200,000 tons/year and a total investment of about 37 million USD.
The factory is expected to start construction in the third quarter of 2026 and be commercially operated in the third quarter of 2028.
Cai Mep Industrial Gas Factory is designed according to a green and circular economic model, taking advantage of cold energy from PV GAS's LNG warehouse system to deeply cool the gas separation process.
The plant applies European cryogenic Air Separation ( CAS) technology, combined with the recovery of cold energy generated during the LNG recycling process.
This solution significantly reduces electricity and cooling water, thereby reducing indirect CO2 emissions and improving overall environmental efficiency.
This project is an important link in Petrovietnam's clean energy - industrial gas - LNG value chain, contributing to improving energy efficiency, reducing CO2 emissions and optimizing existing gas infrastructure.
Mr. Truong Dai Nghia - Chairman of the Board of Directors (BOD) of PVChem - shared that with growth goals and practical needs, PVChem has proactively sought and negotiated with Messer to implement the Industrial Gas Factory project in Cai Mep according to the joint venture model. This combination creates a model of international cooperation: global technology - domestic infrastructure - stable market.
In addition, in Petrovietnam's value chain, PVChem and PV GAS have cooperated to develop value chain linkages: LNG - Industrial Gas - Clean Energy.
The project will take advantage of cold energy from PV GAS' Thi Vai LNG warehouse for deep cooling, instead of relying entirely on electricity. The energy products of this unit become the production input of another unit.
This is a symbol of internal strength, a clear demonstration of active cooperation in the value chain. At the same time, PVChem's leaders pledged to work with partners to complete and put the project into commercial operation on schedule.
Mr. Stefan Messer - Chairman of the Board of Supervisors of Messer - emphasized that Messer is honored to cooperate with PVChem and Petrovietnam in implementing an integrated LNG-ASU solution to optimize energy efficiency and meet European environmental standards.
On behalf of Petrovietnam's leadership, General Director Le Ngoc Son emphasized that, as a pillar in ensuring national energy security, Petrovietnam has been pioneering the transition to clean energy.
At the same time, it improves the efficiency of the existing energy value chain, while investing heavily in low-carbon solutions, green energy, hydrogen and green chemicals. In particular, the Cai Mep Industrial Gas project is a perfect model for this new strategy.
Petrovietnam leaders believe that this cooperation will open up new joint ventures between Petrovietnam and Messer in the coming time, especially in the fields of clean energy and new technology.
2025 marks the 50th anniversary of the establishment and development of Petrovietnam. After half a century, Petrovietnam is now the number 1 economic group in Vietnam, playing a pivotal role in economic development and ensuring energy security for the country.
With strong financial potential and advanced science and technology foundation, along with a team of highly qualified managers and technical experts, Petrovietnam owns a large-scale enterprise ecosystem, including many member units and companies operating and providing products and solutions in 3 core pillars including Energy - Industry - Services.
PVChem is a member unit of Petrovietnam, operating in the fields of petrochemicals, technical services, green production and renewable energy.
Messer is a large private corporation specializing in industrial, medical and specialty gas, operating in more than 60 countries with 127 years of experience.
