Long Son Petrochemicals Announce Commercial Operation with Commitment to High Quality and Sustainability

Press release

Long Son Petrochemicals Announce Commercial Operation with Commitment to High Quality and Sustainability

Long Son, Ba Ria – Vung Tau, September 30, 2024 – Long Son Petrochemicals (LSP), a subsidiary of SCG Chemicals (SCGC) and a member of SCG Group, proudly announces the commercial operation of Vietnam’s first integrated petrochemical complex, aiming to play a key role in the development of the petrochemical and plastic industry landscape in Vietnam as well as demonstrating commitment to high quality and sustainability.

LSP is Vietnam’s first integrated petrochemical complex which will produce various petrochemical products, including essential plastic resins such as polyethylene (PE) and polypropylene (PP), to serve customers both domestically and internationally. Plastic resins from LSP will help lessen imported polyolefin products and enhance competitiveness for downstream businesses along the value chain. Also, they are building blocks for the various industries including packaging, agriculture, electrical appliances, automotive and many more.

Mr. Kulachet Dharachandra, General Director of LSP, stated, “We are proud to announce the commercial operation of our complex. We believe that the commence of LSP will bring growth to long-term economic and enhance competitive advantages to the petrochemical and plastic industry in Vietnam. However, in response to the continued global petrochemical industry downturn and volatile crude oil prices that contributing to high raw material costs, LSP will optimize its operation mode, and accelerating operational excellence.”

To enhance competitiveness, LSP plans to increase operational flexibility by expanding the range of raw materials used in production. This strategy will allow for better cost management in line with market conditions and help mitigate the impact of raw material price fluctuations. The company plans to increase the proportion of imported ethane gas as a raw material, alongside the current use of naphtha and propane. The increased use of imported ethane will contribute to reducing carbon dioxide emissions.

LSP is the one of national important projects and flagship investments of SCGC and SCG in the region with investment more than 5 billion USD. The complex located in Long Son, Ba Ria – Vung Tau province. The complex comprises world-scale mix feed cracker, world-class technology polyolefin plants, specialized tank terminal and central utilities plant, and other supporting facilities which fully equipped with advanced technology ensuring safety and environmentally friendly. LSP committed to conducting its business in line with sustainable development focusing on ESG (environmental, social and governance).

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For further information, please contact:

Ms. Vo Thi Minh Trang, Senior Branding Management Officer – LSP

Email: trangvtm@lsp.com | Hand-phone. 0984 225 982

About LSP

Long Son Petrochemicals (LSP) is a subsidiary of SCG Chemicals (SCGC), a regional leader committed to contributing to ASEAN’s sustainable growth. LSP is the first integrated petrochemical complex in Vietnam and leading green manufacturer who strives to operating its business sustainably, focusing on ESG (Environmental, Social, and Governance). The LSP complex, located in Long Son commune, Ba Ria – Vung Tau province, comprises a world-scale olefins plant with a total capacity of 1.35 million tons per year, three polyolefin plants including HDPE, LLDPE, and PP plants with a total capacity of 1.4 million tons per year, a specialized tank terminal, a central utilities plant, and other related facilities. For more information : www . lsp . com

About SCGC

SCG Chemicals or SCGC is a leading integrated chemical player in ASEAN with strategic bases in Vietnam, Indonesia, and Thailand, offering a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins : polyethylene, polypropylene, and polyvinyl chloride .

SCGC focuses on inventing Innovation That’s Real to drive the ASEAN economy and elevate the quality of life in accordance with ESG and circular economy . SCGC develops technology and innovation toward HVAs in infrastructure, consumable packaging, automotive, health and well being, and energy solutions . For more information : www . scgchemicals . com  

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises several core businesses: SCG Cement and Green Solutions (SCG CGS), SCG Distribution and Retail (SCG D&R), SCG Smart Living (SCG SL), SCG Chemicals (SCGC), SCG Decor (SCGD), SCG Packaging (SCGP), SCGJWD and SCG Cleanergy. With more than 200 companies under its umbrella and approximately 57,000 employees, SCG began its business operations in Vietnam in 1992, creating and distributing innovative products and services to meet consumers’ current and future needs. For more information: www.scg.com

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