Increasing the total investment in Southern Petrochemical Complex to US$ 5.2 billion
10:24 | 28/10/2019
According to SCG's report to the Government of Vietnam, the Group is completing procedures to increase the total project investment to US$ 5.2 billion.
Deputy Prime Minister Trinh Dinh Dung, and Chairman and CEO of SCG Group Roongrote Rangsiyopash - Photo: VGP/Nhat Bac
Chairman and CEO of SCG Group affirmed his desire to continuously invest and extend both scale and operations in Vietnam.
At present, SCG Group has 16 member companies, 3 representative offices and 2 joint ventures which are operating in many fields such as chemicals, construction materials, packaging ...
Regarding the Southern Petrochemical Complex, with a total investment of more than US$ 3.7 billion, Mr. Roongrote Rangsiyopash said, so far the project implementing progress has reached about 24%, late in 2% compared to the planned schedule. However, SCG will have solutions to recover progress and commits to put the project into operation by the end of 2022. Currently, SCG is completing procedures to increase the total project investment to US $ 5.2 billion.
The Deputy Prime Minister highly appreciated SCG's efforts to ensure the progress of the Southern Petrochemical Complex, especially to ensure security, safety and environment in the project implementation process. He also said, this complex is an important project with the petrochemical products, input materials for many industrial sectors, so the early completion and operation of the project will take a great contribution to the development of relevant industries in Vietnam.
The Deputy Prime Minister asked SCG continuously to promote the investment and construction activities of the Southern Petrochemical Complex with ensuring progress, quality and efficiency, and comply with the regulations of Vietnamese laws on safety and environmental sanitation.
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