What is the current status and timeline for SCGC's ethane feedstock project at the Long Son Petrochemicals (LSP) complex in Vietnam?

SCGC confirmed that the Long Son Petrochemicals ethane project remains on schedule and within budget, with start-up targeted for the second half of 2027. Contracts for US ethane supply, shipping, and storage have been completed; construction of the ethane storage tank is 60% finished; and olefins modification work is 40% complete. The project aims to improve cost competitiveness and reduce reliance on Middle East naphtha amid regional supply uncertainty.

How is SCGC financing its LSP ethane project, and what impact did the Chandra Asri stake divestment have on its financial strategy?

Proceeds from SCGC’s divestment of an approximately 14.86% stake in Indonesia’s Chandra Asri—valued at about Bt24.9 billion—are earmarked for deleveraging and investment in the LSP ethane project. This strategic use of funds supports both balance sheet strengthening and capital allocation toward the ethane initiative, which is central to enhancing LSP’s operational resilience and feedstock flexibility.

Vietnam’s LSP ethane project on track for H2 2027 start-up – SCGC

Aug 5, 2026

SCG Chemicals confirmed its Vietnam LSP ethane project targets a second-half 2027 startup, securing US feedstock to mitigate supply risks. Additionally, the planned merger with PTT Global Chemicals is expected to finalize in Q3 2026 alongside improved adjusted earnings.

icis

2026-04-30

Vietnam’s LSP Ethane Project Over 50% Complete, Start-Up by End-2027

2026-08-05

Vietnam’s LSP ethane project on track for H2 2027 start-up – SCGC

Vietnam’s LSP ethane project on track for H2 2027 start-up – SCGC

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