SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complex

11:30 | 19/08/2017

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau.

The signing ceremony was organised in the framework of Prime Minister Nguyen Xuan Phuc’s visit to Thailand

At the signing ceremony, another MoU was signed between SCG chemicals and PetroVietnam’s subsidiaries on exploring new opportunities together with a potential collaboration in petrochemical business in the future.

Positioned as Vietnam’s first petrochemicals complex, LSP will be an important supplier for the manufacturing industry, which will support Vietnam’s industrial and economic development.

The construction of the $5.4-billion Long Son petrochemical complex will resume before the end of this year.

It will be installed with advanced technology, meeting environmental protection requirements and ensuring the production of high-quality products, such as PP and PE. The project will create about 15,000-20,000 jobs during its construction and over 1,000 jobs when put into commercial operation. The total olefins capacity is up to 1.6 million tonnes per year. The highlight of this project is the LSP technology featuring proven processes from leading world-class licensors.

SCG, one of the leading conglomerates in the ASEAN region, comprises of three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers.

SCG began operation in Vietnam in 1992 with trading business and gradually expanded investments to diversified businesses in the cement-building materials, chemicals, and packaging industries.

Today, with a total of 23 companies across Vietnam driven by approximately 8,300 employees, SCG offers a variety of premium products and services. Available products in cement-building materials include concrete roofs, fiber cement boards, fiber-cement wood substitute products for floor and ceiling, white cement, and ready-mixed concrete under the SCG brand.

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By Ha Vy

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