SCG Group acquired full stake for Vietnam's Long Son Petrochemicals project

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.