HCMC – Long Son Petrochemicals (LSP), a subsidiary of SCG Chemicals, has launched its integrated petrochemical complex in the southern province of Ba Ria-Vung Tau.
The US$5 billion facility will play a crucial role in Vietnam’s petrochemical industry.
LSP will produce essential plastic resins, including polyethylene (PE) and polypropylene (PP), for domestic and international markets. This development is expected to reduce dependence on imported polyolefin products and enhance the competitiveness of downstream Vietnamese businesses.
“LSP will bring long-term economic growth and enhance competitive advantages to the petrochemical and plastic industries in Vietnam,” said Kulachet Dharachandra, LSP general director.
LSP plans to boost operational flexibility by diversifying its raw material sources, incorporating imported ethane gas alongside naphtha and propane, which could potentially lower carbon emissions.
The complex also features advanced technology to ensure safety and environmental sustainability, in line with LSP’s commitment to environmental, social, and governance (ESG) principles.
