US$1.2 bln JV between Vietnam and Singapore based company

02-Apr-07
petrochemical complex in the southern province of Phu Yen between the provincial People's Committee and Singapore's SP Chemicals Ltd Co. SP Chemicals Ltd Co is expected to contribute US$3 million for site clearance fees, land compensation and resettlement. The complex will be spread over 300 ha in Hoa Tam commune, and is estimated to have a production capacity of 1.5 mln tpa of petrochemicals. Subject to approval from the Vietnamese Government, the plant will is expected to be in operation by 2012.
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