Following several years of construction, the Long Son Petrochemicals Limited (LSP), under the SCG Group from Thailand, announced that Vietnam's first integrated petrochemical complex has officially begun commercial operations. This milestone was reached after more than six years since the project's groundbreaking in 2018.

Located in Long Son commune, Vung Tau city, Ba Ria-Vung Tau province, the Long Son Petrochemical Complex represents a significant investment exceeding $5 billion by the SCG Group and its affiliates.

As the first integrated petrochemical complex in Vietnam, LSP produces a variety of petrochemical products, including essential plastics such as polyethylene (PE) and polypropylene (PP).

The complex includes a world-class olefins plant, leading-edge polyolefin plants, a specialized port and storage area, a central utilities plant, and other related facilities, all equipped with advanced, environmentally friendly technologies.

The investor highlights that the plastic pellets produced by LSP will help reduce the import of polyolefins and enhance the competitive capabilities of downstream businesses within the supply chain.

Furthermore, these products serve as fundamental materials for various industries, including packaging, agricultural production, electrical appliances, automotive parts, and many others.

Kulachet Dharachandra, CEO of Long Son Petrochemicals, shared that to enhance competitiveness, LSP plans to increase production flexibility by diversifying its raw material sources.

In the long term, the company aims to use a higher proportion of imported ethane, in addition to naphtha and propane, which will also contribute to reducing carbon dioxide emissions.

"We are proud to announce the official commercial operation of the complex and believe it will bring long-term economic growth and enhance the competitive edge of the petrochemical and plastics industries in Vietnam. As the global petrochemical sector faces downturns and fluctuating crude oil prices increase input costs, LSP will focus on optimizing operations and enhancing efficiency to adapt to the competitive global environment," said Kulachet Dharachandra.

Quang Hung