Siam Cement Group (SCG) has signed a joint-venture agreement with Vietnam Oil and Gas Group (PetroVietnam), Vietnam National Chemical Group (Vinachem) and Qatar Petroleum International (QPI) to invest in a petrochemical complex, the first of its kind in Vietnam. Commercial operation of the USD 4.5 billion complex will commence within four years.
SCG president and chief executive officer Kan Trakulhoon said that the complex would have a capacity of 1.4 million tonnes of olefins from various feedstocks: ethane, propane and naphtha. The project will also have supporting infrastructure such as storage facilities, a port, jetties, a power plant and utilities. Other downstream products, including polyethylene, polypropylene and vinyl chloride monomer will also be made at the integrated petrochemical complex.
SCG president and chief executive officer Kan Trakulhoon said that the complex would have a capacity of 1.4 million tonnes of olefins from various feedstocks: ethane, propane and naphtha. The project will also have supporting infrastructure such as storage facilities, a port, jetties, a power plant and utilities. Other downstream products, including polyethylene, polypropylene and vinyl chloride monomer will also be made at the integrated petrochemical complex.
