Siam Cement to press on with petrochem project - Vietnam to get its first ethylene cracker

20-Jul-17

Thailand’s Siam Cement says it will proceed with the construction of Long Son Petrochemicals, a US$5.4 bln chemical complex in the south of Vietnam, about 97 km from Ho Chi Minh City. The venture plans to award building contracts before the end of the year, as per Chemical & Engineering News. Scheduled to come on-line in 2022, Long Son will feature an ethylene cracker with an annual production capacity of 1 million metric tons. Using feedstocks including locally sourced ethane and imported naphtha and propane, the complex will produce basic plastics such as polypropylene and polyethylene. About 30% of the investment will go to build infrastructure including a deep sea port. The project will be owned 71% by Siam Cement, a big Thai chemical maker, and 29% by state-owned PetroVietnam.