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Long Son Petchem awarded PP, PE plant construction contract to S. Korea's SamsungLong Son Petchem awarded PP, PE plant construction contract to S. Korea's Samsung |
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It is reported that Vietnam’s Long Son Petrochemical has awarded the two construction contracts to South Korea’s Samsung Engineering to build a 450,000 tons/year HDPE line and a 400,000 tons/year PPP line.
Both contracts worth a total of W615.3 billion are expected to complete in 2022, sources said.
Long Son Petrochemical is 100 per-cent own by Thailand’s Siam Cement Group (SCG). The project has been delayed for nearly a decade due to several issues including land clearance and shareholders changes.
The complex also houses a dual feed cracker using both naphtha and gas to produce an annual olefins output of 1.6 million tons, whereby around 70% of the raw materials will be gas, which enables competitive advantages for raw material costs in the region.
The company has yet to announce contractors for other units.