Vietnam firm to build US$1.5b polypropylene plant

A PRIVATE Vietnamese petrochemicals firm is planning to invest US$1.5 billion in a polypropylene plant in the northern province of Quang Ninh, the country's ruling Communist Party announced on Wednesday (Jul 27).

Stavian Quang Yen Petrochemical would start commercial operations at the plant from the fourth quarter of 2026 and would produce 600,000 tonnes of polypropylene annually, the party said on its news website.

The plant would supply products to manufacturers of home appliances, automobiles, electronics and medical equipment, it said.

Calls to the company seeking comment went unanswered on Wednesday afternoon.

State media reports said Stavian Quang Yen Petrochemical, established in 2021, is a joint venture between Stavian Chemical and Yen Hung Liquid Port. REUTERS