LongSon petrochemical based in southern province of Ba Ria-Vung Tau in Vietnam will be started soon after delay of 8 years. Licensed in 2008, the complex was invested by a join-venture of Thai Siam Cement Group (SCG), Qatar Petroleum International (QPI), and Vietnam National Oil and Gas Group (Petrol Vietnam). It was previously slated to begin construction in 2014 and be completed in 2017. However, the construction was delayed due to site clearance issues. As further obstacle, in December 2015 the Qatari investor has officially withdrawn from the project due to the restructuring of its development strategy. QPI and the two remaining investors failed to reach a compromise on capital transfer, leading to a serious delay in the project’s progress. The complex will consist of capacity of 1.65 mln tons of olefins, 1.45 mln tons of poly-olefins, 280,000 tons of chloralkali, and other materials each year. The site will also include supporting facilities, such as a port, warehouses, and a power plant.
