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SCG Chemicals Seeking New Partners For Vietnam’s Long Son PC Complex

Siam Cement Group's SCG Chemicals subsidiary is proceeding with plans for the Long Son petrochemical complex in Vietnam, but is seeking new partners following Qatar Petroleum International's recent withdrawal of its 25% interest. The USD 4.5 billion complex, to be built in Ba Ria-Vung Tau province, will be comprised of a 1.4-mta olefins cracker and the downstream production of 2.7 mta of polyethylene and polypropylene. SGC need to look for new partners and we are talking with a few companies.  SGC is still confident everything will go ahead as planned and will remain a major shareholder. SCG currently holds a 46% interest in the project, with PetroVietnam holding 29%.

Date: 
2016/01/08