MoU for PP mega project in Vietnam / USD 1.5 bn investment
Together with the provincial government of Quang Ninh and management of the Bac Tien Phong industrial zone, Vietnamese multi-industry and multinational group Stavian (Hanoi; has signed a memorandum of understanding (MoU) to build a USD 1.5 bn (EUR 1.47 bn) PP plant.

The new 600,000 t/y facility that would be operated under the name Stavian Quang Yen Petrochemical – a joint venture of Stavian Chemical and Yen Hung Liquid Port – is expected to start up by 2026 in the industrial zone located in north-eastern Vietnam, near the Chinese border.

A propane dehydrogenation (PDH) unit that presumably would have the same capacity is planned to be part of the project. The PDH technology will be supplied by Honeywell UOP, and the PP licence from LyondellBasell. Stavian boasts also that the facility will use high-quality equipment made in the EU and G7 countries with a closed, automated, environmentally friendly technology process that will reduce greenhouse gas emissions.

As a plastics producer, the privately held company operates plants in the Hung Yen and Hai Duong provinces in northern Vietnam, with a portfolio encompassing mainly standard thermoplastics in addition to a limited number of engineering grades.

Stavian is also regarded as Vietnam’s largest plastics distributor, a business that up to mid-2021 operated under the name Opec Plastics. Besides having a significant position in Southeast Asia generally, the company also has offices in the US, Russia, China, India, South Korea, Singapore, Indonesia, and the Philippines.

Over the period from 2023 to 2026, Vietnam will see a considerable build-up of polyolefin capacity. Including the Stavian project, altogether 1.4 mn t/y of polypropylene and 900,000 t/y of polyethylene is on the drawing boards. Currently,’s Polyglobe database ( shows that the country has capacity for more than 1.1 mn t/y of PP, with most of it located near Ho Chi Minh City in the south, but no PE capacity. If all of the projects announced to date are realised to the full extent, Vietnam’s PP output capability stands to more than double.

22.08.2022 [250963-0]
Published on 22.08.2022
Stavian Quang Yen Petro: Integriertes PP-Großprojekt in VietnamGerman version of this article...

© 2001-2024  |  Imprint  |  Privacy  |  Cookie settings is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by, Bad Homburg
Date of print: 01.03.2024 22:42:43   (Ref: 236005059)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: