10 February 2012 06:42 [Source: ICIS news]
By Nurluqman Suratman
The company announced on 9 February that it has signed a joint venture agreement with partners, including Qatar Petroleum, on the $4.5bn (€3.38bn) project at
Investment details on this project in southern
The project to be built in the
SCG’s long-term feedstock agreement with
“Vietnam’s first integrated petrochemicals complex will be the spring board into value added and downstream industries for the country, thus solidifying its competitiveness and capturing the ASEAN growth for Vietnam,” SCG said in a statement.
The signing of the joint venture agreement between SCG and partners on the project came a few months after its successful acquisition of a 30% stake at
“This investment [in
“While most output from Long Son will be for the Vietnamese market we see potential for SCG to export a good portion to high-growth markets overseas, especially the automotive industry,” he said.
SCG will also be able to better compete with PTT in the regional market with the new production base in
($1 = €0.75)
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections