Thai SCG's Vietnam petrochemical complex 76% complete as of Q1

Author: Pearl Bantillo

2021/05/28

SINGAPORE (ICIS)--Siam Cement Group’s (SCG) Long Son Petrochemical (LSP) complex in Vietnam is 76% complete as of the first quarter of 2021, the Thai conglomerate said on Friday.

Installation of modular 2km-long pipe rack at hydrocarbon jetty and high-density polyethylene/polypropylene (HDPE/PP) plants was completed, it said in a presentation to investors.

SCG also cited “completion of navigation channel and installation of polyolefins reactors” at the site.

Construction of the $5.4bn complex in Vietnam’s Ba Ria-Vung Tao province started in the fourth quarter of 2018, with start-up expected in the first half of 2023.

The complex will have flexible-feed cracker with a 1.6m tonne/year olefins capacity, which will be able to take as much as 80% propane as feedstock for production.

Downstream polyolefins capacity will be 1.35m tonnes/year, according to SCG.

LSP polyolefin units Capacity (tonnes/year)
HDPE 450,000
LLDPE 500,000
PP 400,000

Source: SCG

Qatar Petroleum will provide the annual feedstock supply of 2m tonnes of propane + naphtha to the project under a 15-year contract.

Meanwhile, SCG has set its capital expenditures and investments for 2021 at Thai baht (Bt) 75bn-80bn ($2.4bn-2.6bn), up from Bt58.3bn last year, the bulk of which will be spent on greenfield and expansion projects.

($1 = Bt31.25)