PV Gas, Hagio Machinery consider LPG cylinder plant in Vietnam

PV Gas and subsidiary PV Gas LPG are considering a proposal from Japan's Hagio Machinery to develop a highly-automated LPG cylinder factory that will supply both domestic and overseas markets.

Leaders of the Vietnamese companies told Hagio’s representatives at a Tuesday meeting that they supported the idea and were considering the proposal for a factory that can make 300,000-500,000 liquefied petroleum gas (LPG) cylinders per year.

The two sides also discussed cooperation in other areas like liquefied natural gas (LNG) distribution and petro chemical processing.

The Japanese side at the meeting also included Japan Cooperation Center Petroleum (JCCP), a partner of PV Gas and PV Gas LPG.

In 2019, PV Gas, a Petrovietnam subsidiary, and JCCP had signed a cooperation agreement to research and modernize LPG distribution in Vietnam.

After three years, despite the pandemic, the ensuing project has helped PV Gas LPG improve management, save expenses related to distributing and collecting gas cylinders as well as transportation, minimize losses of gas, and increase safety, PV Gas said.

The JCCP representatives promised to continue supporting PV Gas via intensive training programs, connecting the Vietnamese firm with Japanese enterprises for future partnerships, and funding product testing programs.