The plant’s operator PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), PetroVietnam, and the Indian partner Reliance will collaborate to restart the Dinh Vu polyester plant located in the northern city in Haiphong. PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), PetroVietnam, and Reliance discussed cooperation plans last month. Reliance will provide personnel for maintenance, material supply and sales operations.
PVTex is a joint venture of PetroVietnam and Vietnam National Textile and Garment Group (Vinatex), both state-owned. The plant, with an investment of about $325 million, was set up to use feed from the Dung Quat oil refinery in the central Quang Ngai province to produce fibre.
PetroVietnam owns 75 per cent of the plant based in Dinh Vu Economic Zone in the northern port city Haiphong. The plant stopped production in October 2015 due to losses after the first year of operations. The plant’s accumulated losses are around $68 million.
Besides, PVTex also worked with domestic partners to discuss plans to collect capital to maintain the operation of the plant, while simultaneously collaborating with experts to evaluate the quality of drawn textured yarn (DTY) manufacturing lines.
At present, 24 of 29 machines are operable and the remaining machines require maintenance before joining the manufacturing process.
Previously, PetroVietnam proposed Fortrec Chemicals Company from Singapore to extend the deadline for submitting its co-operation proposals in trading and manufacturing between the two parties (the initial deadline was July 31, 2017).
Biotechnology company Carbios has successfully demonstrated the use of its enzymatic biorecycling technology for textile-to-textile recycling.
Researchers have developed “super silk” by modifying the diet of silkworms to prevent silk from shrinking and losing its shape…
Primark has expanded its women’s shapewear range with the launch of a new collection developed in collaboration with The Lycra…
Biotechnology company AMSilk is preparing to increase the large-scale production of its silk proteins through its partnership with Ajinomoto Foods…
H&M has introduced a denim collection made with Tencel | Circ with Refibra technology, demonstrating the potential of textile-to-textile recycling…
Spain-based research centre AIMPLAS is developing new enzyme-based recycling methods for marine plastic waste through its Oceanzyme project.