SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August

By Tri Duc
Sat, May 11, 2024 | 2:48 pm GMT+7

The $5.4 billion Long Son Petrochemicals Complex (LSP) in Vietnam’s southern province of Ba Ria-Vung Tau is set to restart activities in July-August for a final test run before commencing commercial operations in August.

Thailand’s The Siam Cement Group (SCG), the parent company of project investor SCG Chemicals Public Company Limited (SCGC), revealed the information in its first quarter performance review.

Long Son Petrochemicals Complex in Ba Ria-Vung Tau province, southern Vietnam. Photo courtesy of Tuoi Tre (Youth) newspaper.

Long Son Petrochemicals Complex in Ba Ria-Vung Tau province, southern Vietnam. Photo courtesy of Tuoi Tre (Youth) newspaper.

SCG also noted that the project safely and successfully completed its first test run in January-February, before it was shut down in March-June due to technical issues.

In March, SCG said that Long Son Petrochemicals Complex’s downstream plants for high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), polypropylene (PP) and utilities had already passed inspections in December 2023.

However, a test run for the whole facility, which includes the olefins downstream and upstream plants, uncovered "an expected technical difficulty which is currently under investigation", SCG added.

SCGC started land preparation for the Long Son Petrochemicals Complex in 2018, started up all utilities in 2022, and conducted a full complex test run in December 2023. At full capacity, its annual output will include 1.4 million tons of polyethylene and polypropylene. The complex’s feedstocks include propane and naphtha.

SCG's performance in Q1/2024. Data in millions of THB. Photo courtesy of SCG.

SCG's performance in Q1/2024. Data in millions of THB. Photo courtesy of SCG.

Reviewing sales in Q1/2024, SCG said it recorded global revenue of $3.4 billion, down 3% year-on-year.

Regarding markets, Thailand, its home market, accounted for 56% of the total. Outside Thailand, ASEAN held the second-highest portion with THB32.4 billion ($882.8 million), or 26% of the total. Within ASEAN, Vietnam had the biggest slice of the pie with THB12 billion, SCG added.

Comments (0)
  • Read More
Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden’s Bulten and China’s ZJK Precision Parts will jointly manufacture micro screws in Vietnam, targeting production from 2025, the former said Wednesday.

Industries - Fri, December 20, 2024 | 12:02 pm GMT+7

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.

Industries - Fri, December 20, 2024 | 11:51 am GMT+7

Supply of apartment units in Vietnam may rise 33% next year: expert

Supply of apartment units in Vietnam may rise 33% next year: expert

Vietnam’s property market is expected to see the entry of 35,000-40,000 apartment units in 2025, up 33% from 2024, says Duong Thuy Dung, executive director, head of professional services at CBRE Vietnam.

Real Estate - Fri, December 20, 2024 | 9:23 am GMT+7

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.

Economy - Fri, December 20, 2024 | 8:17 am GMT+7

Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Doan Hoang Anh, daughter of HAGL chairman Doan Nguyen Duc, has registered to purchase 1 million HAGL shares amid a 20% increase in the stock’s value over the past three months.

Companies - Thu, December 19, 2024 | 9:38 pm GMT+7

Property giant Vinhomes raises additional $157 mln in bonds

Property giant Vinhomes raises additional $157 mln in bonds

Leading housing developer Vinhomes successfully raised VND4 trillion ($157 million) in private placement bonds on Tuesday, according to the Hanoi Stock Exchange (HNX).

Companies - Thu, December 19, 2024 | 9:28 pm GMT+7

E-visas available at all Thai embassies, consulates from January 1, 2025

E-visas available at all Thai embassies, consulates from January 1, 2025

Intending visitors to Thailand will be able to apply online for an e-visa at Thai embassies and consulates worldwide from January 1, 2025.

Southeast Asia - Thu, December 19, 2024 | 8:04 pm GMT+7

Indonesia rolls out $51.65 bln stimulus package for 2025

Indonesia rolls out $51.65 bln stimulus package for 2025

The Indonesian government has unveiled a series of economic stimulus packages totaling Rp827 trillion ($51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.

Southeast Asia - Thu, December 19, 2024 | 8:03 pm GMT+7

Malaysia accelerates electric vehicle growth

Malaysia accelerates electric vehicle growth

Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation.

Southeast Asia - Thu, December 19, 2024 | 8:00 pm GMT+7

EV maker VinFast plans $140 mln resort project in northern Vietnam

EV maker VinFast plans $140 mln resort project in northern Vietnam

VinFast, an electric vehicle maker under Vietnam’s private conglomerate Vingroup, seeks to build a resort-recreation-park project worth VND3.5 trillion ($137.5 million) in the northern coastal city of Hai Phong.

Real Estate - Thu, December 19, 2024 | 7:57 pm GMT+7

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese direct investment in Vietnam has traditionally focused on the manufacturing sector and it is now transitioning toward green energy, electronics, and automobiles.

Industries - Thu, December 19, 2024 | 4:30 pm GMT+7

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

British oil-gas giant BP seeks to help the Cong Thanh coal-fired power project in Thanh Hoa province with its transition into an LNG-fired plant, said Chris Bramley, vice president of integrated gas & power at BP.

Energy - Thu, December 19, 2024 | 3:48 pm GMT+7

Vietnam refinery operator BSR plans listing in Jan next year

Vietnam refinery operator BSR plans listing in Jan next year

Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, plans to list its shares on the Ho Chi Minh Stock Exchange (HoSE) on January 17, 2025.

Companies - Thu, December 19, 2024 | 3:23 pm GMT+7

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The famtrip “Journey to Paradise Island” from December 4-6, 2024 has brought Phu Quoc to the center of attention of the tourism industry in the world.

Travel - Thu, December 19, 2024 | 2:10 pm GMT+7

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.

Banking - Thu, December 19, 2024 | 11:59 am GMT+7

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.

Companies - Thu, December 19, 2024 | 11:32 am GMT+7