What products will be produced at the Saysettha refinery in Vientiane?The refinery will produce fuel products, including diesel, gasoline, and chemical products such as benzene, petroleum aromatics, petroleum liquefied gas and industrial sulphur. The Saysettha Development Zone in Vientiane is an economic and trade cooperation zone jointly established by the Chinese and Laos governments.
Who owns the Vientiane Development Zone?The development zone is operated by Lao-China Joint Venture Investment, which is jointly funded by Yunnan Provincial Overseas Investment (YOIC) and the Municipal Government of Vientiane.
Why should Laos invest in a refined oil refinery?With a total processing capacity of three million tonnes per year, the refinery will provide a stable supply of refined oil to Laos, helping it to reduce the dependence on fuel imports and boost the domestic petrochemical industry. The project will cut oil prices in the domestic market and promote long-term stability in Laos’ economic development.
How many people work at Lao refinery?The refinery currently employs almost 300 people, of whom 160 are Lao and account for about 55 percent of the workforce, he said. The company has paid 66 billion kip in taxes to the government, Mr Wang added.
When will Laos oil refinery be built?It is anticipated to meet approximately 60% of the fuel demand in Laos. Construction of the refinery began in 2015 and the first phase of the commercial production from the oil refinery was launched in November 2020. The final phase of the refinery is scheduled to be completed by 2030.
Where is Lao petroleum & chemical (laopec) located?It is located in the Saysettha Comprehensive Development Zone of Vientiane, the capital city of Laos. The refinery is being developed by Lao Petroleum & Chemical (Laopec), a joint venture formed by China’s Yunnan Dongyan Industrial (75% interest), Lao State Fuel Company (20% interest) and the Lao-China Joint Investment (5%) in 20
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Jan 8, 2021 · With a total processing capacity of three million tonnes per year, the refinery will provide a stable supply of refined oil to Laos, helping it to reduce
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The refinery will produce fuel products, including diesel, gasoline, and chemical products such as benzene, petroleum aromatics, petroleum liquefied gas and industrial sulphur. The Saysettha Development Zone in Vientiane is an economic and trade cooperation zone jointly established by the Chinese and Laos governments.
The development zone is operated by Lao-China Joint Venture Investment, which is jointly funded by Yunnan Provincial Overseas Investment (YOIC) and the Municipal Government of Vientiane.
With a total processing capacity of three million tonnes per year, the refinery will provide a stable supply of refined oil to Laos, helping it to reduce the dependence on fuel imports and boost the domestic petrochemical industry. The project will cut oil prices in the domestic market and promote long-term stability in Laos’ economic development.
The refinery currently employs almost 300 people, of whom 160 are Lao and account for about 55 percent of the workforce, he said. The company has paid 66 billion kip in taxes to the government, Mr Wang added.
It is anticipated to meet approximately 60% of the fuel demand in Laos. Construction of the refinery began in 2015 and the first phase of the commercial production from the oil refinery was launched in November 2020. The final phase of the refinery is scheduled to be completed by 2030.
It is located in the Saysettha Comprehensive Development Zone of Vientiane, the capital city of Laos. The refinery is being developed by Lao Petroleum & Chemical (Laopec), a joint venture formed by China’s Yunnan Dongyan Industrial (75% interest), Lao State Fuel Company (20% interest) and the Lao-China Joint Investment (5%) in 2015.
The global commercial and industrial solar energy storage battery market is experiencing unprecedented growth, with demand increasing by over 400% in the past three years. Large-scale battery storage solutions now account for approximately 45% of all new commercial solar installations worldwide. North America leads with 42% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 30-35%. Europe follows with 35% market share, where standardized industrial storage designs have cut installation timelines by 60% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing innovations reducing system prices by 20% annually. Emerging markets are adopting commercial storage for peak shaving and energy cost reduction, with typical payback periods of 3-6 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $500/kWh for complete energy solutions.
Technological advancements are dramatically improving solar energy storage battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 50% less energy loss, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $1,000/kW to $550/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 40% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 30% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $450/kWh for incremental storage. These innovations have improved ROI significantly, with commercial projects typically achieving payback in 4-7 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $25,000 and premium systems (200-500kWh) from $100,000, with flexible financing options available for businesses.