The project, with an investment capital of almost 4 billion USD, will be capable of manufacturing over 3 million tonnes of products a year and will be the largest of its kind in the country.
It is a joint venture by Vietnam National Oil and Gas Group (PetroVietnam), Vietnam National Chemical Corporation (Vinachem), Vina SCG Chemicals under the Thailand Cement Group, and Thai Plastic and Chemicals.
According to PetroVietnam General Director Tran Ngoc Canh, once the complex is operational in 2013, it will be the country’s only manufacturer of petrochemical products including PE, PP and PVC.
It will turn out 1.45 million tonnes of PE and PP granules, 730,000 tonnes of materials for the production of PVC and 840,000 tonnes of other chemicals, meeting about 65 percent of the domestic demands for PE and PP granules in 2017 and ensuring the supply of input materials for the petrochemical industry.
The project will create about 10,000 jobs in the construction period and 1,500 jobs when it becomes operational