Project Snapshot
Vietnam Petrochemicals Complex
Facility Type: Petrochemical
Scope: New Construction
Owner: Siam Cement; PetroVietnam; Vinachem; Thai Plastic and Chemicals
Location: Long Son Oil and Gas Industrial Zone, Ba Ria-Vung Tau province  Viet nam
Region: Australasia
Modified:  September 16, 2008


Project description

On March 19, 2008, SCG—through its VSCG Chem subsidiary—entered into a joint venture agreement with PetroVietnam, Vinachem, and Thai Plastic and Chemicals Public Company Limited (TPC) to build Vietnam's first world-scale petrochemicals complex. SCG expects to own a 71% stake in the venture, with the partners holding the remaining 29%.

The new petrochemicals complex, which is expected to cost $3.5-4 billion, will be located on Long Son Island in Vietnam's southern province of Ba Ria Vung Tau. It will be located near a $10 billion oil refinery also planned for the area.

The facility will comprise a naphtha-based cracker with an olefins capacity of 1.65 million tons, a polyolefins plant with a capacity of 1.45 million tons, a 280,000-ton-capacity chlor-alkali unit, and a PVC plant with production capacities of 330,000 tons of EDC and 400,000 tons of VCM. The complex will also include infrastructure such as port and storage facilities as well as utilities. Products from the facility will include the following products for the Vietnamese market: HDPE, LDPE, PE, PP, and PVC.

According to SCG, the PVC-related will start up in two phases. The initial start-up is slated for 2011. The second phase will begin commercial operation in 2013; the remaining PVC-related capacity will begin at that time, along with the naphtha-based cracker and production of related downstream products.

  Key Stats
Major units:
naphtha-based cracker; polyolefins unit; poly vinyl chloride (PVC) unit; supporting infrastructure (port and storage facilities); utilities
Products:
poly vinyl chloride (PVC) (ethylene dichloride [EDC] and vinyl chloride monomer [VCM]); high-density polyethylene (HDPE); low-density polyethylene (LDPE); polyethylene (PE); polypropylene (PP)
Cost:
$4B
  Related Articles
Construction Set to Begin On Vietnam Petchem Complex
Aug 26, 2008 - Construction of the southern petrochemical complex at the Long Son Oil and Gas Industrial Zone in Vietnam's southern Ba Ria-Vung Tau province will start on September 25.



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