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Work starts on country’s largest petrochemical project   2008-09-26 - ThanhNien

 
 
Deputy Prime Minister Hoang Trung Hai (C) flags off work on Vietnam's largest petrochemical plant in Ba Ria - Vung Tau Province yesterday. Once on stream in 2013, the plant is expected to produce three million tons of petrochemical products annually.  
Construction of Vietnam’s largest petrochemical plant began Thursday in the southern province of Ba Ria-Vung Tau.

 

 

Once on stream in 2013, the Long Son complex in the Long Son Oil Industrial Zone is expected to produce three million tons of petrochemical products for domestic use annually.

The US$4 billion project is a joint venture between Vietnam Oil and Gas Group (PetroVietnam), Vietnam National Chemical Corporation and two subsidiaries of Thailand’s Siam Cement Group (SCG) – Vina SCG Chemicals and Thai Plastic and Chemicals Company.

Tran Ngoc Canh, PetroVietnam’s general director, said the project is of great importance to the Vietnamese petrochemical industry.

It would be the only domestic source of raw materials for producing polyvinyl chloride, or PVC, lessening dependence on imports, he said.

The plant will have an annual capacity of 1.45 million tons of polyethylene and polypropylene, 730,000 tons of PVC raw materials and 840,000 tons of other petrochemicals.

Kan Trakulhoon, president and CEO of Thailand’s largest industrial conglomerate SCG, said the company would strictly conform to environmental norms and use modern technologies in the plant.

At the groundbreaking ceremony, Deputy Prime Minister Hoang Trung Hai urged the investors to ensure both the progress and quality.

The Siam Cement group has been in Vietnam since 1990 where it has interests in petrochemicals, paper, ready-mixed concrete, building materials and distribution, Reuters reports.



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