Long Son Petchem awarded PP, PE plant construction contract to S. Korea's Samsung

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.