Singapore's SP Chemicals get nod to build petrochemical facility in Vietnam

10-Aug-07

Singapore's SP Chemicals has received approval from Vietnam's central government to build a petrochemical facility and an industrial park in the central province of Phu Yen. SP plans to invest US$1.2 bln to develop the naphtha cracking petrochemical complex. SP also plans to manufacture 1.5 mln tpa of aniline, caustic soda, chlorine and other chemicals, that it plans to export to China, Japan, and the Republic of Korea. The project is expected to come onstream in 2012.