Work on over US$3.7b petrochemical complex begins
27-SEP-2008 Intellasia | Tuoi Tre
Sep 27, 2008 - 7:00:00 AM
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Work on Long Son petrochecmial complex in Long Son Petroleum Industrial Zone of Ba Ria Vung Tau province started yesterday, which is invested by the joint venture between PetroVietnam, Vietnam Chemical Corp (Vinachem) and two members of Thai SCG group including SCG Vina Chemicals and TPC.
Being as the largest scaled project in Vietnam, the complex has an estimated cost of over US$3.7 billion and designed capacity of three million tonnes of products a year.
As planned, the complex will come into operation by the end of 2013 and be completed by 2016. Each year the project is expected to supply nearly 1.5 million tonnes of PE and PP, over 700,000 tonnes of material chemical to produce PVC plastic.
According to PetroVietnam, by 2017 the complex will meet 65% of the domestic demand for PE and PP.
Kan Trakulhoon, chair of SCG group committed to use modern technologies and apply strictly international standards on environment for the project.
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