Thailand’s SCG Group has said it intends to halt commercial operations at the Long Son petrochemical complex it owns in Ba Ria-Vung Tau pending an improvement in market conditions, Tuoi Tre has reported. This is after just one month in operation with a test phase only beginning at the end of September.
This development is made all the more pertinent in that it has cost a reported US$5 billion. Although notably its construction has run well behind schedule. Notably it was reported it was “ready to roll” back in August of 2022, however, this never materialised.
See also: Construction Industry in Vietnam