Plastic pellet products from Long Son petrochemical complex will be supplied to 300 domestic customers and exported to 40 countries - Photo: NGOC HIEN
When operating at full capacity, Long Son Petrochemical Complex (LSP) is expected to achieve revenue of 1.5 billion USD per year and contribute about 150 million USD in value added tax annually to the state budget.
LSP plans to increase the use of imported ethane as feedstock, in addition to naphtha and propane, to reduce carbon emissions. Currently, the complex has recruited about 1,000 high-quality personnel, 85% of whom are Vietnamese. In addition, there are 800 more workers working for contractors with long-term cooperation with LSP, mainly local people.
Realizing that the petrochemical industry in Vietnam is still young, LSP has invested more than VND51 billion (equivalent to 700,000 training hours) in training and developing its staff since 2018. During the operation phase, LSP will continue to spend about VND33 billion each year on staff training. The company also cooperates with universities and colleges in training and recruitment.
The complex produces a wide range of petrochemical products, including polyethylene (PE) and polypropylene (PP), serving both domestic and international markets. LSP’s products will help reduce polyolefin imports and enhance competitiveness for businesses in the supply chain.
LSP is cooperating with many large customers such as Duy Tan Plastic Production Joint Stock Company, Tin Thanh Packaging Joint Stock Company, P&G and Unilever. Currently, LSP is supplying products to more than 300 domestic customers and exporting to more than 40 countries, affirming the important role of this complex in the petrochemical industry in Vietnam and the region.
Source: https://tuoitre.vn/to-hop-hoa-dau-long-son-huong-toi-doanh-thu-1-5-ti-usd-moi-nam-2024100910492904.htm
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