Abstract
Vietnam may finally get its first ethylene cracker. Siam Cement, a big Thai chemical maker, says it will proceed with the construction of Long Son Petrochemicals, a $5.4 billion chemical complex in the south of Vietnam, about 100 km from Ho Chi Minh City. The venture plans to award building contracts before the end of the year. Scheduled to come on-line in 2022, Long Son will feature an ethylene cracker with an annual production capacity of 1 million metric tons. Using feedstocks including locally sourced ethane and imported naphtha and propane, the complex will produce basic plastics such as polypropylene and polyethylene. About 30% of the investment will go to build infrastructure, including a deep-sea port. The project will be owned 71% by Siam Cement and 29% by state-owned PetroVietnam. Over the past two decades, Vietnam has repeatedly invited international firms to build oil refineries integrated with petrochemical complexes. Starting
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