SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complexSiam 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 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. 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.VIR

Source: VietNamNet News August 19, 2017 05:03 UTC