US$4 bln petrochemical complex to be built soon in Ba Ria-Vung Tau

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VOV News English - 34 month(s) ago 10 readings

(VOV) - Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Transport, the People’s Committee of Ba Ria-Vung Tau province, and PetroVietnam Group to prepare and hand over land for the project to build a large petrochemical complex in the province.

In his dispatch, Hai requested these agencies and the project investor to agree on the amount of funding for construction of resettlement areas and roads to Long Son industrial park.

The Southern Petrochemical Complex has a total investment of nearly US$4 billion and a design capacity of more than three million tonnes of products per year.

It will be built on an area of 400 hectares inside Long Song industrial park, next to the Long Son oil refinery.

Once operational, the complex is expected to meet 65 percent of the country’s demand for polyetylen and polypropylene and stabilize the supply of input materials for the petrochemical industry.

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