Qatar Petroleum International, a QP’s subsidiary, has joined the partners for the Petrochemical complex, to be built in the Long Son Island in Vietnam.
In the Joined Venture are also involved PetroVietnam, Vinachem, Siam Cement Group (SGC), Thai Plastic and Chemicals.
This project will be located closed to the second refinery and will use a 1.4 million t/y olefins cracker designed to accept ethane, propane, and naphtha as feedstocks. QP will provide the naphtha and the propane, while PetroVietnam signed the agreement for the gas.
On the Downstream side, it will include production units for:
- Polyethylene(PE)
- Polypropylene (PP)
- Vinyl Chloride Monomer (VCM)
The final decision is expected in 2013 for completion in 2017.
The capital expenditure is estimated at $4.5 billion.
