PetroVietnam Fertilizer & Chemicals Archives | Market Krystal

PVFCCo Phú Mỹ reports nine-month 2026 output and sales above plan

admin — Fri, 23 Oct 2026 00:00:00 +0000

PVFCCo – Phú Mỹ (DPM) reported estimated 9-month 2026 output of about 688 thousand tonnes of Phú Mỹ urea (105% of plan), nearly 160 thousand tonnes of NPK (115% of plan) and about 9.2 thousand tonnes of UFC85 (126% of plan). Total fertilizer sales reached over 1.21 million tonnes, 22% above plan, including nearly 163 thousand tonnes of urea exported. Chemical sales were over 99 thousand tonnes, 4% above plan, with commercial CO2 a standout product.

Why it matters

Output and sales running above plan, with strong urea exports and CO2 growth, point to firmer regional fertilizer and industrial gas supply from Phú Mỹ while gas and exchange-rate cost pressures persist.

Key facts

Companies	PetroVietnam Fertilizer & Chemicals (PVFCCo – Phú Mỹ), Forbes Việt Nam
Chemicals	Urea, NPK, UFC85, CO2, NH3, DAP, DEF
Timing	9 months of 2026, Q3/2026
End uses	Agriculture (fertilizers for sugarcane, industrial crops, fruit trees), Diesel SCR exhaust treatment (DEF Phú Mỹ Xanh)

Market context

Urea is a nitrogen fertilizer made by reacting ammonia with carbon dioxide, and it supplies much of the nitrogen used in global crop production, particularly cereals, sugarcane and industrial crops. NPK compounds blend nitrogen, phosphorus and potassium for balanced crop nutrition. Demand for these products tracks planting seasons, crop prices and farm incomes, while exports are shaped by regional import needs and freight costs. Producers' output depends heavily on natural gas feedstock, so gas prices and currency movements feed directly into margins. Commercial carbon dioxide, a by-product of ammonia and urea production, serves beverage carbonation, food processing, welding and cooling uses. Diesel exhaust fluid, a urea solution used in selective catalytic reduction systems, adds a further industrial outlet. When a producer runs above plan, it can add tonnes to regional urea and gas supply, which can ease tightness in some markets while leaving buyers exposed to feedstock cost swings.

Source: official release on dpm.vn. Summary and context written by Market Krystal.

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PetroVietnam Fertilizer advances Topsoe technology pact alongside Danish offshore wind partners

admin — Thu, 22 Oct 2026 00:00:00 +0000

PETROVIETNAM and its Danish partners signed cooperation agreements in Copenhagen on 19–20 October 2026 focused on offshore wind, with PVFCCo and Topsoe agreeing to advance technology solutions for chemicals, fertilizers and sustainable energy. PETROVIETNAM is advancing the South Central Coast 1 Offshore Wind Project with Copenhagen Infrastructure Partners, where the parties are coordinating incentive mechanisms, power purchase agreements, risk allocation, financing and schedule. Vestas was asked to raise local content in offshore wind supply chains, while PTSC M&C and Semco Maritime signed a 2026–2030 partnership on offshore wind substation projects.

Why it matters

PVFCCo's Topsoe technology pact could bring new catalyst and process solutions to its chemicals and fertilizer operations, while offshore wind localization may create domestic demand for steel, fabrication and marine services.

Key facts

Companies	PETROVIETNAM, PVFCCo, PTSC, PTSC M&C, Copenhagen Infrastructure Partners, Vestas, Topsoe, Semco Maritime
Location	Copenhagen, Denmark; South Central Coast offshore wind area of Vietnam
Timing	19–20/10/2026, 19/10/2026, 20/10/2026, 2026–2030
Partners	Copenhagen Infrastructure Partners, Vestas, Topsoe, Semco Maritime
End uses	offshore wind power, chemicals, fertilizers, sustainable energy, offshore wind substation projects
Chemicals	Ammonia (CAS 7664-41-7), Urea (CAS 57-13-6)

Market context

Ammonia and urea, the core products of fertilizer producers like PVFCCo, are mainly used as nitrogen fertilizers for crops, with ammonia also serving as a feedstock for nitric acid, explosives and industrial chemicals. Demand for these products tracks agricultural planting cycles, crop prices and natural gas costs, since gas is the dominant raw material for most nitrogen production. Catalysts and process technology licensed from specialist suppliers such as Topsoe help producers improve efficiency, lower energy use and manage emissions, which matters when gas and carbon costs swing. Offshore wind, the other theme in the story, is a growing source of demand for steel foundations, fabricated structures, subsea cabling, substations and marine vessels. Building that supply chain locally can shift contract flows toward domestic fabricators and service providers, while large renewable projects tend to draw on the same engineering and financing pool as the wider energy sector. For buyers and investors, the practical signal is gradual: technology partnerships change operating economics over years rather than moving prices in the short term.

Source: official release on dpm.vn. Summary and context written by Market Krystal.

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PVFCCo Phú Mỹ and Topsoe sign expanded cooperation agreement in Copenhagen

admin — Wed, 21 Oct 2026 00:00:00 +0000

PVFCCo – Phú Mỹ and Topsoe A/S signed a Cooperation Agreement in Copenhagen on 19 October 2026, during a Petrovietnam delegation visit, extending a partnership of more than two decades. Topsoe licensed the ammonia (NH3) production technology for the Phú Mỹ Fertilizer Plant, which set a 678-day continuous operation record for its ammonia unit and earned three Topsoe Operational Excellence certifications. The parties will study joint projects in Vietnam covering chemical value-chain optimization, low-carbon ammonia, green hydrogen and technical support.

Why it matters

Deeper collaboration on low-carbon ammonia and green hydrogen could shape future domestic ammonia supply and PVFCCo's product mix as it shifts toward chemicals beyond traditional fertilizers.

Key facts

Companies	PetroVietnam Fertilizer & Chemicals (PVFCCo – Phú Mỹ), Topsoe A/S, Petrovietnam
Chemicals	ammonia (NH3), low-carbon ammonia, green hydrogen
Location	Phú Mỹ Fertilizer Plant, Vietnam; Copenhagen, Denmark (signing location)
Timing	19 October 2026 (signing), 20 October 2026 (Vietnam–Denmark Business Forum), 678-day continuous operation record of the ammonia unit
Partners	Topsoe A/S
End uses	fertilizer, chemicals, clean energy transition

Market context

Ammonia is one of the world's most widely produced industrial chemicals, used mainly as the feedstock for nitrogen fertilizers such as urea and ammonium nitrate, and also for explosives, nitric acid, and various industrial chemicals. Fertilizer demand from agriculture is the main driver, so ammonia plant output tends to track crop prices, planting cycles and natural gas costs, since gas is the dominant feedstock for conventional production. Low-carbon ammonia and green hydrogen, produced with carbon capture or renewable-powered electrolysis, are emerging as a separate segment linked to shipping fuel and the clean energy transition, where buyers often pay premiums for lower-emissions product. Reliable operating performance at existing ammonia units matters for regional supply balances, while technology licensing and process optimization can influence cost position and product flexibility for producers that diversify beyond traditional fertilizers.

Source: official release on dpm.vn. Summary and context written by Market Krystal.

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