Project Profile
Location: Long Son commune of Ba Ria-Vung Tau province, 100 kilometres from Ho Chi Minh City, Vietnam
Investment: US$5.4 billion
Construction: 2018
Completion: 2023
Olefin Production Capacity: 1.6 million tonnes per year
Long Son Petrochemicals Complex (LSPC) is located in Long Son commune of Ba Ria-Vung Tau province, 100 kilometres from Ho Chi Minh City, Vietnam. This integrated petrochemical complex will have a total olefin production capacity of 1.6 million tonnes per year. The complex is designed to produce various petrochemical products, including essential plastic materials such as polyethylene, polypropylene, and other products in excess of two million tonnes per year, enabling it to substitute imported polyolefin products. Non-petrochemical supporting infrastructure, such as a deep sea port and other facilities, are also included.
LSPC was initiated by PetroVietnam in 2008 with the participation of Siam Cement Group (SCG), Qatar Petroleum International, and state-run chemical group Vinachem. However, it was not until February 2018 that the project officially started construction by the remaining two investors, PetroVietnam and SCG. The Thai investor also increased the total investment capital of the complex to US$5.4 billion from the previous US$3.8 billion. LSPC will commence construction by September 2018 and is expected to start commercial operations in the first half of 2023.
Operators:
PetroVietnam
Siam Cement Group (SCG)
Qatar Petroleum International
Vinachem