SCG continues to expand investments in the petrochemical industry in Vietnam

16:53 | 17/02/2022 Industry

(VEN) - Thailand’s SCG President & CEO had a courtesy meeting with Vietnamese Prime Minister Pham Minh Chinh at the Government Office on February 16 to seek for a guidance on the expansion of Long Son Petrochemicals Complex phase 2 (LSP2) in Ba Ria-Vung Tau Province.

scg continues to expand investments in the petrochemical industry in vietnam

Prime Minister Pham Minh Chinh (right) receives SCG President & CEO Roongrote Rangsiyopash

Roongrote Rangsiyopash, President & CEO of SCG, said, “I am very honored that His Excellency Prime Minister granted the opportunity for SCG to meet. We are developing 2 new projects and would like to seek guidance including the expansion of LSP Phase 2 and LSP debottlenecking project. LSP2 will employ advanced, environmentally friendly technology and will concentrate on the production of high-value-added products such as green polymers following the ESG (Environmental, Social, and Governance) guidelines to create sustainable development. The project will be established in the same area as LSP1, benefiting from the availability of infrastructure to expand the plant. Official application submissions will be made on the following occasion. Apart from support Vietnam’s economic growth, we anticipate that these two projects will increase growing potentials for better quality of life with the future in-demand workforces to meet market expansion in the petrochemical and related industry.”

"We also provide updates on Long Son Petrochemicals Complex (LSP), which adheres to global safety and environmental standards. It is targeted for a partial start-up in 2022 and a full start-up in early 2023,” said Mr. Roongrote

SCG continues to expand investments in the petrochemical industry in Vietnam which is the largest investment of SCG outside Thailand. LSP project has an annual capacity of olefins at 1.35 million tonnes and polyolefin at 1.4 million tonnes.

SCG began its business operations in Vietnam in 1992 with a trading business and gradually expanded investment in diversified businesses in the cement-building materials, chemicals, and packaging.

Today, with a total of 23 companies across Vietnam driven by more than 15,000 employees, SCG offers a variety of premium products and services to markets. Available products in cement-building materials include concrete roof, fiber cement board, fiber-cement wood substitute products for floor and ceiling, white cement, ready-mixed concrete under the brand 'SCG' and wall and floor ceramic tiles under the brand 'Prime' and sanitary ware & fittings, bathroom fixtures under the brand 'COTTO'.