Cookies give you a personalized experience,Сookie files help us to enhance your experience using our website, simplify navigation, keep our website safe and assist in our marketing efforts. By clicking "Accept", you agree to the storing of cookies on your device for these purposes.For more information, review our Cookies Policy.
LSP, Vietnam's first integrated petrochemical complex, starts operation, boosting local industry, cutting imports, enhancing competitiveness with diverse raw materials & advanced tech.
on September 30, 2024, Longshan Petrochemical Co., Ltd. (LSP), a member company of SCG Chemicals(SCGC), a subsidiary of SCG Group, announced that the first integrated petrochemical complex in Vietnam has been officially put into commercial operation. This milestone event marks a new stage in the development of Vietnam's petrochemical industry and is expected to play a key role in promoting the progress of the domestic petrochemical and plastics industry, improving product quality and promoting sustainable development.
as the first integrated petrochemical complex in Vietnam, LSP focuses on the production of a wide range of petrochemical products including basic plastic materials such as polyethylene (PE) and polypropylene (PP). These products will not only meet the needs of the domestic market, but also serve international customers. LSP's plastic resin products are expected to significantly reduce Vietnam's import dependence on polyolefins, while enhancing the overall competitiveness of downstream companies in the supply chain. In addition, these basic materials are widely used in packaging, agricultural production, electrical equipment, auto parts and other fields, which will strongly promote the development of related industries.
mr. Kulachet Dharachandra, General Manager of the LSP, said that the operation of the LSP will bring long-term economic growth and enhance the competitive edge of Vietnam's petrochemical and plastics industries. To further enhance competitiveness, LSP plans to increase production flexibility by diversifying the sources of input materials. Specifically, LSP will increase the use of imported ethane gas as a raw material in addition to naphtha and propane. This measure not only helps to improve production efficiency, but also reduces carbon dioxide emissions, in line with the concept of sustainable development.
as one of the national key projects, LSP has a total investment of more than 5 billion US dollars. The complex is located in Long Son commune, Bardy Vung Tau province, and has complete facilities including a world-class hybrid pyrolysis plant (olefin plant), a world-leading polyolefin plant, a port cluster-dedicated storage tank, a central utility plant, etc. All facilities are equipped with advanced technology to ensure safety and environmental protection in the production process. LSP's commitment to sustainability-oriented business activities and focus on ESG (Environmental, Social and Transparent Governance) principles reflects its strong emphasis on social responsibility and environmental protection.
the formal operation of LSP not only marks an important breakthrough in Vietnam's petrochemical industry, but also provides strong support for the development of domestic related industries. With the continuous development of LSP, Vietnam's petrochemical industry will usher in a more prosperous future. At the same time, LSP's sustainable development concept and diversified raw material strategy will also set a new benchmark for the industry and promote the development of the entire petrochemical industry in a more green and efficient direction.
We will contact you soon