Vietnam makes headway on its US$4b petrochem plant

Singapore

VIETNAM'S US$4 billion integrated Long Son petrochemical complex is expected to progress towards a final investment decision in early 2016 following the conclusion of a re-tender for the plant's construction towards late-2015.

Products at the complex, which is the first of its kind in the South-east Asian country, will substitute plastic resin imported to supply to textile factories and other domestic industrial users.

The complex will produce 1.65 million tonnes of olefins and 1.45 million tonnes of polyolefins annually, using either ethane to be supplied by PetroVietnam or naptha to be sourc…