Thai SCG to Resume US$3.77B Petrochemical Complex Project in Vietnam

Siam Cement Group (SCG), Thailand’s third largest industrial group, has advanced its interest to continue investing in the US$3.77-billion Long Son petrochemical complex in southern province of Ba Ria-Vung Tau, said Kandahar Trakulhoon, SCG’s chairman.

 

Last September, the state-run Vietnam Oil and Gas Group (PetroVietnam), Vietnam National Chemical Corp (Vinachem), and two Thai partners - Vina SCG Chemicals and Thai Plastics and Chemicals companies - started construction of the complex.

 

The complex will occupy on a 400-hectare area in Long Son petroleum industrial park in Long Son commune, Vung Tau city, adjacent to Vietnam’s planned third oil refinery Long Son.

 

The project was initially scheduled to be developed into two phases with the first stage slated for completion in 2011 and the second for 2013. It is expected to produce annually 1.45 million tons of polyetylen (PE) and polypropylene (PP); 730,000 tons of chemical materials for production of polyvinyl clorua (PVC); and 840,000 tons of other basic chemicals.

 

The complex along with the Long Son oil refinery that costs at least US$6 billion is part of the US$10-billion Long Son oil refining-petrochemical project. (CPV)