BA RIA-VUNG TAU, VIETNAM: Construction of a southern petrochemical complex at the Long Son Oil and Gas Industrial Zone in southern Ba Ria-Vung Tau province began on Thursday (25 Sept) in the presence of Deputy Prime Minister Hoang Trung Hai.
Vietnam News Agency (VNA) reported that the project, with an investment capital of almost US$4 billion (RM13.7 billion), will be capable of manufacturing over 3 million tonnes of products a year and will be the largest of its kind in the country.
It is a joint venture by Vietnam National Oil and Gas Group (PetroVietnam),
Vietnam National Chemical Corporation (Vinachem), Vina SCG Chemicals under the Thailand Cement Group, and Thai Plastic and Chemicals.
According to PetroVietnam General Director Tran Ngoc Canh, once the complex is operational in 2013, it will be the country’s only manufacturer of petrochemical products including PE, PP and PVC.
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