Under the signed contract, PV Gas will supply about 150,000 tons of ethane per year to Long Son Petrochemical as feedstock for producing petrochemical products such as ethylene and polypropylene.
The Long Son Petrochemical Complex is invested through capital contributions from Siam Cement Group, Vinachem, and Vietnam Oil and Gas Group (PVN), with a total investment of about USD 4 billion, in which PVN holds approximately 18%. The complex is expected to come into operation in 2014.
The implementation of the Long Son Petrochemical Complex, together with the contract for ethane and propane supply between PV Gas and Long Son Petrochemical, opens opportunities for utilizing gas in the petrochemical industry, in line with PVN’s downstream processing development strategy for petrochemicals such as benzene, etc.
(CafeF 20/10)
