Print

According to market sources, SCG Group has raised its stake in Long Son Petrochemicals Co Ltd (LSP), Vietnam’s first integrated petrochemical project, from 71% to 100%. As reported earlier, the initial project were joint venture between Thailand’s SCG (71%) and PetroVietnam (29%).

Located in Ba Ria-Vung Tau, Ho Chi Minh City, Vietnam, the complex would consist of a dual feed cracker using both naphtha and gas to produce an annual olefins output of 1.6 million tons, whereby around 70% of the raw materials will be gas, which enable competitive advantages for raw material costs in the region. At the downstream units, the project planned to include a PP and a PE (HDPE/LLDPE) line with total capacity of 1.45 million tons/year as well as a 280,000 ton/year of chloralkali and other materials.

The project is expected to begin commercial operation in early 2023.