Vietnam Petrochemical Industrial Park
SP Chemicals is planning to build an integrated petrochemical park of 1,300 hectares and a naphtha cracking plant in the Vietnam Petrochemical Industrial Park, with a production capacity of 800,000 tpa of ethylene annum to supply raw materials to their own facilities in the PRC, and Hoa Tam Petrochemical Park, and to a lesser extent for export.
This mammoth project is targeted to be completed within 15 years in 2 development phases:
- Phase One – To build a naphtha cracking and utility plant; targeted to be completed in 2014 at an investment of US$1.5 billion.
- Phase Two – To promote the Hoa Tam Petrochem Park and invite investment for upstream and downstream petrochemical projects; targeted to be completed by 2024.
Read more about this topic: SP Chemicals
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