$5bn petrochemical complex begins commercial operations in southern Vietnam
$5bn petrochemical complex begins commercial operations in southern Vietnam
Long Son Petrochemicals Company Limited (LSP), an arm of Thailand’s Siam Cement Group Chemicals, on Monday announced that its US$5-billion petrochemical complex had begun commercial operations in Ba Ria-Vung Tau Province, southern Vietnam.
A corner of the Long Son petrochemical complex worth $5 billion in Ba Ria-Vung Tau Province, southern Vietnam. Photo: Dong Ha / Tuoi Tre |
The Long Son Petrochemical Complex project kicked off in February 2018 and is the first integrated petrochemical complex in Vietnam.
LSP is committed to focusing on sustainable, safe, and eco-friendly development thanks to advanced technologies.
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| Products of the Long Son petrochemical complex in Ba Ria-Vung Tau Province, southern Vietnam. Photo: Dong Ha / Tuoi Tre |
Kulachet Dharachandra, CEO of LSP, said he expected the complex to bring long-term economic growth and competitive advantages to the petrochemical and plastic industry in Vietnam.
LSP produces a wide range of petrochemical products, including essential plastic raw materials, such as polyethylene and polypropylene, for the packaging, agriculture, electrical appliance, and automotive industries.
The complex creates 1,000 jobs for Vietnamese laborers and pays $150 million in taxes annually.
