Myanma Petrochemical Enterprise (MPE) has invited local and foreign companies to submit proposals for a further slate of joint ventures, according to an announcement on May 25.
The first tender invites private companies to build a Liquefied Petroleum Gas (LPG) terminal and supply chain for the LPG business.
Interested investors should submit letters of expression of interest individually or as a consortium. They should have global experience in LPG importation, storage, wholesale, distribution, marketing and services, said the announcement.
The new LPG terminal will be built in No 1 Refinery (Thanlyin). Two candidates are still in the running for the Thanlyin Refinery project – Thailand’s state owned PTT and Singaporean firm Puma Energy, according to an announcement last year.
The second tender invites laboratory services for petroleum and petrochemical products. The winning company or companies will be expected to analyse the specification and qualification of petroleum and petrochemical products in accordance with ISO (International Organisation of Standardisation) standards.
Additional information about the projects and submission details are available during office hours, from May 27 to July 15, according to the announcement.
Last year, MPE invited private companies to bid for a joint-venture partnership to run the Nyaung Don LPG plant. A total of 22 companies submitted letters of expression of intent, but the process has been delayed for almost a year. The government also issued a tender for LPG businesses in 2013 and local companies were awarded licences for LPG import and distribution.
Myanmar has three LPG plants which mostly need to be modernised. The LPG plant in Minbu township started operating in 1986, Nyaung Don plant opened in 2005 and Kyun Chaung plant in 2010. The total production capacity of MPE’s LPG plants is 72.85 billion tonnes per year.
Source: Myanmar Times