Thailand’s SCG halts operations at $5.4bn Vietnam petrochemical complexSCG's Long Son Petrochemicals (LSP) complex project in Vietnam. LSP, which commenced commercial operations in Vietnam's southern province of Ba Ria-Vung Tau on Sept 30, is the first integrated petrochemical complex in Vietnam and produces polyethylene, polypropylene and basic chemicals. In an interview with Reuters last year, SCG representatives said the complex's capacity would reach 1.3 million to 1.5 million tonnes. Total demand for Vietnam was about 3.3 million tonnes of both polyethylene and polypropylene combined, it said at the time. Last week, SCG also announced another $700 million investment in the Vietnamese complex for storage of ethane feedstock.

Source: Bangkok Post November 04, 2024 14:00 UTC