Amid declining crude oil prices, which have improved operational efficiency, Thailand’s SCG Group plans to restart the Long Sơn Petrochemical (LSP) complex in Việt Nam at the end of this month.
SCG said it plans to resume operations at the Long Sơn Petrochemicals (LSP) plant in Việt Nam in late August, following a decline in crude oil prices that has improved operational feasibility.
LSP will produce various petrochemical products, including essential plastic resins such as polyethylene (PE) and polypropylene (PP), to serve customers both domestically and internationally.
With a total investment of about US$5.4 billion, the complex has a designed capacity of 1.4 million tonnes of olefin resin per year, aimed at producing a variety of petroleum products.
Petrovietnam has proposed the Government invest in a petrochemical and refinery complex and national oil storage in Long Son oil and gas industrial park in Long Son Commune.
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
The ‘Son La Longan and Safe Farm Produce Week 2018’ officially kicked off at Big C Thang Long (Ha Noi) on July 21, hosted by the Son La People’s Committee.
Siam Cement Public Company Limited (SCG) signed an agreement with Viet Nam National Oil and Gas Group (PetroVietnam) to acquire the latter’s equity stake in Long Son Petrochemical Co Ltd.