Displaying items by tag: Vinacomin
Vietnamese coal consumption forecast to grow
03 January 2023Vietnam: Vietnam National Coal and Mineral Industries Group (Vinacomin) has forecast 6.1% three-year growth in national coal demand to 115Mt in 2025 from 108Mt in 2022. Four main industries – cement, fertilisers, metal and power generation – are expected to retain over 90% of the combined share of domestic consumption. Vinacomin expects national coal production to increase by 1.3Mt/yr over the period, retaining a 40 – 45% stake in the domestic market. Five-year consumption of imported lignite is forecast to rise to 70 – 75Mt throughout the period up to 2026.
Vietnam: A 8.36% rise in electricity prices in late March 2019 is set to cause an increase in the price of cement. The Vietnam Cement Industry Corporation (VICEM) said that cement producers had also been hit by an increase in coal prices, according to the Vietnam News Agency. The rise in the price of coal follows a lack of supply from the Vietnam National Coal and Minerals Industry Holding Group (VINACOMIN) leading to producers to import coal. Cong Thanh Cement has not raise its retail prices but has charged distributors more. Nguyen Quang Cung, chairman of the Vietnam Cement Association, said that producers were not surprised by increase in electricity prices and had been preparing for it.
Vietnam: The Ministry of Construction has opposed the Ministry of Industry and Trade’s proposal to transfer the Quang Son cement plant from Vietnam Industrial Construction Corporation (Vinaincon) to Vietnam Cement Industry Corporation (Vicem) on the grounds of the plant’s losses and debts. Both Vinaincon and Vicem are government owned, according to the Viet Nam News newspaper.
Luong Quang Khai, chairman of Vicem’s board of members, said that the Quang Son cement plant is located in a poor position for transport logistics, which has led to high production costs. The plant has also suffered from losses while its loans have grown to equal 95% of the plant’s total investment. Khai also noted that the potential new owner Vicem has undergone financial difficulties following its acquisition of the Ha Long and Song Thao cement plants.
Previously, the Ministry of Industry and Trade suggested that the government transfer the Quang Son cement plant to Vicem from Vinaincon. Under the proposal, Vicem would back the loans taken out by Vinaincon for the Quang Son cement plant. Formerly known as the Thai Nguyen cement plant, Quang Son started commercial operation in July 2011 with a cement production capacity of 1.5Mt/yr.
FCT to supply Vinacomin with Turbu-Jet burner
03 July 2018Vietnam: FCT Combustion Inc has secured a supply contract for its Turbu-Jet AF burner that fires low calorific value coal and fuel oil to Vietnam National Coal-Mineral Industries Group (Vinacomin). It will be used at the group’s 0.8Mt/yr Quan Trieu cement plant in Thai Nguyen Province. Viet Bac Mining is a partner in the project.
US-based FCT Combustion, which launched its Turbu-Flex burner in April 2018, said that the product would enable the operator to switch between different fuels and optimise for each with one burner. Switching between alternative and refuse derived fuels (RDFs) is intended to allow cement and other industrial plants to lower fuel costs and improve kiln performance. The burner also offers reduced maintenance, as there are no moving parts needed to change the air supply.
Managing Director Con Manias said that FCT is mainly focused on building its footprint in Southeast Asia. It has recently won projects in China, Thailand, Malaysia, and Australia, prior to this one in Vietnam. The company is also working on an upgrade to the hot gas generator at Votorantim Group’s Vidal Ramos plant in Santa Catarina, Brazil. It is also supplying its Turbu-Jet AF burners with blowers, ignition, and flame detection systems to CSN Cimentos’ Arcos plant in Minas Gerais state, also in Brazil.
The company say that it has projects running in six continents due to a ‘surge’ in burner orders. It is currently working on projects in the US, Canada, Brazil, Ecuador, Poland, France, Egypt, Belgium, Italy, Algeria, Oman, Belgium, France, Ukraine, and Turkey, besides Asia Pacific.