Hyosung Vina Chemicals – Overview
- Establishment: May. 2018
- Share Holder: Hyosung Chemical 100%
- Business:
(1) Main Product: PP 600kta / Propylene 600kta
(2) Sub Product : Ethylene 55kta / Hydrogen 20kta
(3) Underground LPG Cavern : Storage Capa. 240kt
- Number of employees : 439
- Location
– Cai Mep Industrial Zone, Ba Ria Vung Tau Province
- Sales Offices in Ho Chi Minh & Ha Noi
Hyosung Vina Chemicals – History
- Transplant successful experience of Korean PDH/PP biz model to Vietnam which has cost competitiveness
- Key gateway for expanding into the Southeast Asian market which has significant potential for demand growth
- Overcome lots of hurdles and difficulties based on efforts and dedication of Hyosung Vina Chemical members
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2017, December |
Decided to invest in Vietnam PDH/PP PJT |
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2018, May |
Established Hyosung Vina Chemicals |
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2018, July |
Contract for plat land |
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2018, September |
Acquired port asset |
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2019, November |
PP-4 (300KTA) mechanical completion |
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2020, April |
PP-4 commercial operation §Port construction completed |
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2021, June |
OL-1 mechanical completion |
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2021, July |
PP-5 (300KTA) mechanical completion LPG caver mechanical completion |
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2021, November |
PP-5 commercial operation |
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2021, December |
OL-1, LPG Cavern commercial operation |
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2022, Jan ~ |
Full operation of LPG cavern, OL-1 and PP-4/5 |