Construction of country’s biggest petrochemical project to start

The Vietnam National Oil and Gas Group (PetroVietnam) in coordination with the Long Son Petrochemical Company Limited will break the ground on a southern petrochemical complex project in Petro-Long Son Industrial Park in Ba Ria-Vung Tau province on September 25.

This is the country’s biggest petrochemical complex project having an initial investment capital of US$4 billion and a design capacity of more than 3 million tonnes of products per year.

When the complex is put into operation in 2012 it will be the only supplier of HDPE and LDPE plastic products to the domestic market. It is expected to provide around 1.45 million tonnes of PE and PP plastic products each year and meet around 65 percent of the domestic demand for PE and PP by 2017. In addition, it will also supply 730,000 tonnes of chemical materials for PVC production and 840,000 tonnes of basic chemical materials for the oil refinery and petrochemical industry.

VOV

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