LSP starts Specialized Tank Terminal and Central Utilities Plant, the first key plants of LSP complex

Ba Ria Vung Tau, November 26 2022:  Long Son Petrochemicals Co., Ltd. (LSP) starts and operates the first key plants of the Long Son Petrochemicals Complex; Specialized Tank Terminal and Central Utilities Plant. The opening ceremony was attended by Vietnam Prime Minister HE Pham Minh Chinh, the government delegates and SCG executives, marking an important milestone of the project to create a springboard for the petrochemical industry in Vietnam.

Speaking at the ceremony, Mr. Roongrote Rangsiyopash – President and CEO of SCG – the holding company of LSP said: “SCG expresses gratitude to all related parties who have been supporting this project until today especially the Prime Minister Pham Minh Chinh. LSP is the flagship project of SCG and SCG Chemicals (SCGC) in Vietnam which shows our long-term commitment to the country’s sustainable development. The project is built with cutting-edge technologies which are amongst the regional best practices. This ensures the compliance and shows our strong commitment to safety and environmental protection. With this petrochemical complex, we hope to create a springboard for the petrochemical industry in Vietnam by lessening the need of importing and increasing the product competitiveness. On the other hand, the project will encourage long-term investment in related industries throughout the value chain. SCG and SCGC believe that this project will support the growth of downstream businesses in Vietnam and play a vital role to support long term economic growth as well as improving of quality of life for people in Vietnam and across the region".

For the first key plants, LSP starts and operates 3 important units of Specialized Tank Terminal and Central Utilities Plant including the Hydrocarbon Jetties, Tank Farm, and Central Utilities (CTU) in order to supply raw materials and utilities for olefins and polyolefin plants for the production of petrochemical products.

LSP is a subsidiary of SCGC and the first integrated petrochemical complex in Vietnam. The project investment is more than 5 billion USD that will produce total olefins capacity up to 1.35 million tons per year and designed to produce various petrochemical products including essential plastic materials such as polyethylene and polypropylene of 1.4 million tons per year to substitute current import of polyolefin products.

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About SCG SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: Cement-Building Materials, Chemicals (SCGC), and Packaging (SCGP). With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers. SCG began its business operations in Vietnam in 1992 with a trading business and gradually expanded investment in diversified businesses in the cement-building materials, chemicals, and packaging. Today, with a total of 26 companies across Vietnam driven by more than 16,000 employees, SCG offers a variety of premium products and services to markets. Available products in cement-building materials include concrete roof, fiber cement board, fiber-cement wood substitute products for floor and ceiling, white cement, ready-mixed concrete under the brand 'SCG' and wall and floor ceramic tiles under the brand 'Prime' and sanitary ware & fittings, bathroom fixtures under the brand 'COTTO'. The latest is the cement product under 'SCG Super Cement', 'Song Gianh', and 'StarCemt'. In the packaging business, available products are writing & printing paper under the brand 'IDEA' and corrugated containers, kraft paper, and flexible packaging. In the chemicals business, available products are downstream chemicals products such as PE, PP, XLPE, PVC resin, and compound plastic, etc.

About SCGC SCG Chemicals or SCGC is a leading integrated chemical player in ASEAN with strategic bases in Vietnam, Indonesia, and Thailand, offering a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins: polyethylene, polypropylene, and polyvinyl chloride. SCGC focuses on inventing "Innovation That's Real" to drive the ASEAN economy and elevate the quality of life in accordance with ESG and circular economy. SCGC develops technology and innovation toward HVAs in infrastructure, consumable packaging, automotive, health and well-being, and energy solutions.

For more information: www.scgchemicals.com

About LSP Long Son Petrochemicals or LSP is a subsidiary and a flagship investment project of SCG Chemicals or SCGC, a regional leader who strives to contribute to ASEAN'S SUSTAINABLE growth. 

LSP is the first integrated petrochemical complex in Vietnam. It comprises of world scale polyolefin plants, specialized tank terminal and central utilities plant.  With a goal of becoming a trusted petrochemical company in the region, LSP is committed to operate its business following sustainable development with a focus on ESG (Environmental, Social and Governance). For more information: www.lsp.com