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Construction of SCG Long Son petchems project nears halfway

August 06/2020

MOSCOW (MRC) -- SCG has no plans to delay development projects, including the Long Son Petrochemicals complex in Vietnam, with construction 45% complete, reported Chemweek.

The project is worth USD5.4 billion.

The start-up of Vietnam's first fully integrated petchems facility is scheduled for 2023.

Thammasak Sethaudom, vice-president of finance and investment as well as chief financial officer, said the company maintains its total investment budget of 55-65 billion baht in 2020.

SCG hopes the government's key development projects like the Eastern Economic Corridor scheme as well as the economic rehabilitation plans will boost the domestic economy and investment sentiment in the second half this year.

As MRC wrote previously, SCG Plastics, part of SCG, took its high density polyethylene (HDPE) plant off-stream for a maintenance turnaround on November 26, 2019. It remained under maintenance until December 14, 2019. Located in Map Ta Phut, Thailand, the plant has a production capacity of 200,000 mt/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, HDPE, ethylene, petrochemistry, SCG Chemicals, Vietnam, Russia, Taiwan.
Category:General News
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