Construction set to begin on Vietnam petrochemical complex
Construction of the southern petrochemical complex at the Long Son Oil and Gas Industrial Zone in Vietnam's southern
Ba Ria-Vung Tau province will start on September 25.
According to the Vietnam National Oil and Gas Group (PVN), the Prime Minister has given the green light to the
projects ground-breaking and other work.
The project, estimated to cost almost $ 4 bn, will be capable of turning out 3 mm tons of products a year. It will be
the largest complex of its kind in the country.
It is a joint venture of PVN, Vietnam National Chemical Corporation, Vina SCG Chemicals, and the Thai Plastic and
Chemicals.
The complex is expected to operational in late 2012 to supply petrochemical products including HDPE, LDPE, PE, PP and
PVC to the Vietnamese market, meeting about 65 % of the country's demands for PE and PP in 2017 and ensuring the
input materials for the petrochemical industry.
PVN also said that the project will create about 10,000 jobs.
