Hyundai Engineering and Construction Company has completed the construction of Vietnam's first petrochemical plant for Vietnam Oil and Gas.
The $234m polypropylene production plant in Quang Ngai province has a capacity of 150,000t a year.
The facility will use propylene obtained from the Dung Quat Oil Refinery to make polypropylene beads, which will be used in the manufacture of household plastic and automobile products.
The plant will be managed and operated by Binh Son Oil Refining and Petrochemical, and yield a turnover of $170-$200m once it is fully operational.
