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27 Mar 2025

SCGC | LSPE Competitiveness

Business Sustainability Investor Relations
SCGC unveils its strategy to tackle challenges in the petrochemical business by enhancing feedstock flexibility with "Ethane Gas" at the LSP plant in Vietnam (LSPE project). It is the first in ASEAN to import ethane gas from the United States for plastic pellet production.
SCGC partners with global allies to accomplish three key milestones: 1) Signing agreements for ethane purchase and export terminal operations. 2) Chartering contracts for five Very Large Ethane Carriers (VLECs). 3) Agreements for the design, procurement, and construction of specialized storage tanks tailored for ethane gas.

The LSPE project reduces production costs by over 30% compared to the current use of naphtha, mitigates the impact of oil price volatility, and enhances feedstock flexibility by utilizing naphtha, propane gas, and ethane gas. The LSP plant in Vietnam can process ethane gas for up to two-thirds of its total feedstock capacity, positioning it to compete strongly in the petrochemical industry while seizing growth opportunities aligned with increasing consumer demand for plastics in daily life.


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