The project will have a production capacity of 1.6 million tonnes of olefins per year, which is used to produce plastic pellets, HDPE, LLDPE and PP for local demand, currently at 2.3 million tonnes per year.&nbsp;

Demand for olefins is expected to grow in line with the country&rsquo;s economic expansion, he added.

SCG RAISES STAKE IN VN PETROCHEMICAL PROJECT

Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia.

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Nuttapakron is a Rewriter for Nation Group. He focuses on factual precision and clarity, striving to present updates that are both trustworthy and highly readable.&nbsp;

SCG RAISES STAKE IN VN PETROCHEMICAL PROJECT

Siam Cement Group (SCG) has increased its holding in Long Son Petrochemical Co Ltd (LSP) from 71 per cent to 100 per cent, which will be the first petrochemicals complex in Vietnam, the company’s president and CEO Roongrote Rangsiyopash said in a press release yesterday.

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