(PLO) – The Southern petrochemical complex project of Long Son Petrochemical Company Limited located in Vung Tau City is awaiting appraisal by the State Council to go into operation in early 2024.
October 30, Long Son Petrochemical Company Limited (member of SCGC Group Thailand) information on full test readiness Southern petrochemical project complex in Long Son commune, Vung Tau city, province BA Ria Vung Tau.
This project is the first fully integrated petrochemical complex in Vietnam, with a total investment of more than 5 billion USD, a land area of 464 hectares excluding the water surface area for the seaport.
This is also the largest foreign-invested project in Ba Ria-Vung Tau, classified as a national key project, starting construction from February 2018 to present.
Mr. Kulachet Dharachandra, General Director of Long Son Petrochemical Company Limited, informed that when the complex operates stably, it will produce about 1.4 million tons of polyolefin per year.
This is the raw material for producing many types of plastic products used in everyday life. This increase in production capacity will help reduce the need to import raw materials and improve the competitiveness of the plastic industry in Vietnam…
To date, the project has completed 100% of items such as wharf, HDPE, PP, LLDPE factory, warehouse, tank area and utility factory. The Olefins factory alone has reached 99% progress.
The project is ready to proceed to the test run phase of the entire complex in November-December 2023; It is expected to go into commercial operation in early 2024.
Responding to PLO, Mr. Kulachet Dharachandra said that contractors are currently trying to complete the final construction items of the project for trial run. Then, wait for Vietnam’s State Appraisal Council to appraise the project to ensure commercial operation. If as planned, it is expected to officially operate commercially at the end of January 2024.
Also follow the leader Long Son Petrochemical Company Limited, the project is constructed using the most modern, advanced technology, computerization and digitization; Pay special attention to safety, minimizing impact on the environment and surrounding community.
The company currently has nearly 1,000 employees, of which about 80% are Vietnamese.
It is expected that in 2024, when the Southern petrochemical complex project goes into commercial operation, Long Son Petrochemical Co., Ltd. will contribute an estimated revenue of 1.5 billion USD.
CHONGQING