SP Chemicals writes off petrochem project in Vietnam

Poor economic conditions have forced China’s SP Chemicals to abandon plans to construct a US$1.5 bln naphtha cracker project in Vietnam. Also the plant was with feedstock supply from the company’s Chinese facility. But Beijing's stimulus plan has made redundant the company’s plan to feed its downstream plant in Jiangsu province from Vietnam as feedstock supply from within China is expected to exceed demand over the next 10 years. SP Chemicals may not find it feasible to invest in in Phu Yen to produce intermediate products to be shipped to China, as they would be readily available in.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha