With falling crude oil prices improving operational efficiency, Thailand’s SCG Group plans to restart the Long Son Petrochemical Complex (LSP) in Vietnam by the end of August 2025.

SCG recently released its business results for Q2 and the first half of 2025. In Vietnam, the group recorded sales of VND 16.59 trillion (USD 634 million) in the first six months, down just 1% year-on-year, showing relative stability despite market fluctuations.

The planned restart of LSP - located in Ba Ria-Vung Tau - reflects SCG’s proactive approach to sustaining long-term operations and preparing for market challenges.

In parallel, SCG is continuing a project to enhance the complex’s competitiveness by introducing ethane as a feedstock, with completion expected in 2027. The group also reported progress in implementing its ESG 4 Plus strategy in Vietnam, focusing on innovation, community engagement, and leadership development.

The Long Son project, Vietnam’s first integrated petrochemical complex, began commercial operations on September 30, 2024, achieving 74,000 tons of plastic pellets during its trial phase.

However, in late 2024, SCG announced a halt in commercial operations to control overall business costs, citing a global petrochemical downturn with oversupply and weakening demand. During the downtime, the company invested USD 700 million in infrastructure upgrades, including ethane storage tanks, aiming to boost long-term operational flexibility. Completion is set for late 2027.

Once fully operational, LSP will produce olefins and polyolefins to meet growing demand from Vietnam’s consumer goods sector.

Tam An