PVFCCo Phú Mỹ and Topsoe sign expanded cooperation agreement in Copenhagen

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.

Key facts

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.