On September 30, Long Son Petrochemical Company Limited (LSP - part of SCG Group) announced that the first integrated petrochemical complex project in Vietnam has officially entered commercial operation, after more than 6 years of construction.

Long Son Petrochemical Complex is one of the key projects started in 2018, invested by SCG Group and its member companies with a total capital of more than 5 billion USD, located in Long Son commune, Vung Tau city, Ba Ria - Vung Tau province.

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Long Son Petrochemical Complex has a total investment of more than 5 billion USD, located in Long Son commune, Vung Tau city. Photo: LSP

As the first integrated petrochemical complex in Vietnam, LSP produces a wide range of petrochemical products including essential plastic raw materials such as polyethylene (PE) and polypropylene (PP).

The items invested in construction at the complex include: a world-scale mixed pyrolysis plant (olefins plant), world-leading technology polyolefin plants, a specialized port - tank cluster, a central utility plant, and other related facilities, all equipped with advanced technology to ensure safety and environmental friendliness.

According to the investor, LSP’s plastic pellets will help reduce polyolefin imports and enhance the competitiveness of downstream businesses in the supply chain. In addition, these products are also basic raw materials for many different industries, such as packaging, agricultural production, electrical equipment, auto parts and many other fields.

The first petrochemical complex worth over 5 billion USD in Vietnam is in commercial operation...jpg
Engineers working at Long Son petrochemical complex. Photo: LSP

Mr. Kulachet Dharachandra, General Director of Long Son Petrochemical Company Limited, shared that to enhance competitiveness, LSP plans to increase production flexibility by diversifying its input sources. In the long term, LSP plans to increase the use of imported ethane as a feedstock in addition to naphtha and propane, and using more ethane also contributes to reducing carbon dioxide emissions.

“We are very proud to announce the commercial operation of the complex and believe that it will bring long-term economic growth and enhance the competitive advantage of the petrochemical and plastics industries in Vietnam.

Currently, while the global petrochemical industry is in decline, fluctuating crude oil prices are causing input material costs to increase, LSP will focus on optimizing its operating model and improving operational efficiency to adapt to the global competitive environment," said Mr. Kulachet Dharachandra.

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