Nation starts building largest petrochemical complex

Ba Ria-Vung Tau (VNA) - Construction of a southern petrochemical complex at the Long Son Oil and Gas Industrial Zone in southern Ba Ria-Vung Tau province began on September 25 in the presence of Deputy PM Hoang Trung Hai.

The project, with an investment capital of almost 4 billion USD, will be
capable of manufacturing over 3 million tonnes of products a year and will
be the largest of its kind in the country.

It is a joint venture by Vietnam National Oil and Gas Group (PetroVietnam),
Vietnam National Chemical Corporation (Vinachem), Vina SCG Chemicals under
the Thailand Cement Group, and Thai Plastic and Chemicals.

According to PetroVietnam General Director Tran Ngoc Canh, once the
complex is operational in 2013, it will be the country's only manufacturer
of petrochemical products including PE, PP and PVC.

It will turn out 1.45 million tonnes of PE and PP granules 730,000 tonnes of
materials for the production of PVC and 840,000 tonnes of other chemicals,
meeting about 65 percent of the domestic demands for PE and PP granules in
2017 and ensuring the supply of input materials for the petrochemical
industry.

The project will create about 10,000 jobs in the construction period and
1,500 jobs when it becomes operational.-Enditem