$5.1 billion Long Son Petrochemicals Complex ready to roll

August 15, 2022 | 17:31

(0) user say

Long Son Petrochemicals (LSP) is completing the final procedures to operate the $5.1-billion Long Son Petrochemicals Complex in Ba Ria-Vung Tau province.

Long Son Petrochemicals Complex

According to VIR’s source, by the end of July, the construction work of Long Son Petrochemicals has been nearly completed, despite a small delay according to the schedule.

As of June 2018, the complex became a fully invested company of SCG Group from Thailand, which completed the purchase of a 29 per cent stake from PetroVietnam to increase its holding in the complex from 71 per cent.

The petrochemical complex is located in Long Son commune of the southern province, 100km from Ho Chi Minh City.

This integrated petrochemical complex will have a total olefin production capacity of 1.6 million tonnes per year.

The project, which was previously known as Southern Petrochemical Complex, was changed by investors numerous times, going from PetroVietnam to Vinachem, Vina SCG Chemicals Co., Ltd., and then to Thai Plastic and Chemicals Pcl.

As of June 2018, the complex became a fully invested company of SCG Group from Thailand, which completed the purchase of a 29 per cent stake from PetroVietnam to increase its holding in the complex from 71 per cent.

The construction of the complex started in early 2018; however, the construction was behind the initial schedule in the first quarter of this year.

The complex is designed to produce various petrochemical products, including essential plastic materials such as polyethene, polypropylene, and other products in excess of two million tonnes per year, enabling it to substitute imported polyolefin products. Non-petrochemical supporting infrastructure, such as a deep sea port and other facilities, are also included.

BSR to languish while waiting for capital for Dung Quat Refinery

Despite having gone two-thirds of the way since the investor issued the Front-End Engineering Design (FEED) dossier, the arrangement of investment capital for Dung Quat Oil Refinery remains uncertain.

World Steel Group: signing of $10 million package at Long Son Petrochemicals project

Two major contractors – World Steel Construction JSC and Tan Phuoc Thinh Construction and Investment JSC – signed a cooperation contract for the $10 million package of the billion-dollar Long Son Petrochemicals Complex in the southern province Ba Ria-Vung Tau late last month.

PM urges Thai group to expand investment in Vietnam

Prime Minister Nguyen Xuan Phuc on December 3 called on Siam Cement Group (SCG) of Thailand to expand its investment and business in Vietnam, thus helping to attract more big groups from Thailand and other countries to Vietnam in the time ahead.

SCG and Long Son Petrochemicals promote waste segregation awareness

The ASEAN conglomerates SCG and Long Son Petrochemicals Co., Ltd (LSP), a subsidiary of SCG Chemicals, continue to reinforce their commitment to sustainable development in Vietnam by implementing the Waste Rescue project to raise the young generation's awareness about waste segregation.

SCG Chemicals and Long Son Petrochemicals join Vung Tau to plant trees

SCG Chemicals (SCGC) and its subsidiary Long Son Petrochemicals (LSP) – owner of the first integrated petrochemicals complex in Vietnam – have collaborated with Vung Tau People’s Committee to plant 400 trees in the area of Nui Lon, equivalent to 3.26 hectares of forest.

By Thanh Huong

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional