Long Son Petrochemicals

What Long Son Petrochemicals does

Long Son Petrochemicals Company Limited (LSP) operates Vietnam's first integrated petrochemical complex in Long Son commune, Ba Ria-Vung Tau province. The complex includes a mixed-feed olefin cracker, polyethylene plants (HDPE and LLDPE), a polypropylene (PP) plant, and supporting infrastructure such as central utilities, dedicated port and jetties, and warehouses. LSP produces HDPE using Mitsui Chemicals' bimodal process technology, LLDPE using Univation Technologies' Unipol gas-phase polyethylene process, and PP using Mitsui Chemical technology, producing PP Block Copolymer and PP Homopolymer grades. The company is a wholly-owned subsidiary of Thailand-based SCG Chemicals (SCGC), with a total investment of $5.4 billion representing SCG Chemicals' largest single project in Vietnam. Ground was broken in February 2018 after a decade of preparation, commercial operations began in late 2023, and a full operations restart with 100% Vietnamese staff was completed in August 2025.

LSP operates as a B2B petrochemical manufacturer selling polymer resins (HDPE, LLDPE, PP) directly to industrial converters and manufacturers in Vietnam and the broader Asia-Pacific region. Customer end-markets include plastic processing, packaging, automotive, and construction — with a confirmed commercial relationship including The Coca-Cola Company (visit February 2026). The go-to-market is sales-led, managed by a Commercial Director and commercial team, with product distribution via the company's own port and jetties. Pricing is quote-based and not publicly disclosed. The core value proposition is reducing Vietnam's reliance on imported polymer resins while supplying domestic converters with world-class materials meeting international certifications (ISO 9001, ISO/IEC 17025, HACCP, GMP, Halal, LEED Gold).

LSP's operations are underpinned by a 15-year feedstock supply agreement with Qatar Petroleum (up to 2 million tons per year of LPG and Naphtha), complemented by over $100 million in environmental technology investments including Vietnam's first Enclosed Ground Flare (EGF), E-Nose air quality monitoring, and a Central Wastewater Treatment Unit with real-time monitoring. The company employs approximately 1,000 direct employees (80% Vietnamese) and collaborates with business partners for an additional ~800 workers, with a workforce-development pipeline tied to local technical colleges. The company reports zero environmental complaints, zero non-compliance, and zero community complaints since commercial operations began.

Name

Long Son Petrochemicals

Legal name

Long Son Petrochemicals Company Limited

Website

https://lsp.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Long Son Petrochemicals operates Vietnam's first integrated petrochemical complex, producing HDPE, LLDPE, and PP polymer resins for industrial converters and manufacturers in packaging, automotive, and construction end-markets. The company is a wholly-owned subsidiary of Thailand's SCG Chemicals.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Petrochemical Manufacturing (32511), Resin and Synthetic Rubber Manufacturing (32521), Petrochemical Manufacturing (325110)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)

akta.pro primary industry

Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI)

akta.pro secondary industries

Commodity Plastic Compounds (PE/PP/PS/PVC) (IMANABAA), Engineering & High-Performance Thermoplastics Resin Manufacturing (PA, POM, PC, PBT, PEEK, PPS) (IMANAAAB)

Keywords

• Petrochemical manufacturing
• Polymer resin production
• HDPE LLDPE PP resins
• Integrated olefin complex
• Polypropylene manufacturing

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations

Revenue model

1. Petrochemical Resins Sales: LSP generates revenue primarily through the manufacture and sale of petrochemical polymer resins including HDPE, LLDPE, and PP to industrial converters and manufacturers in Vietnam and the Asia-Pacific region. The company operates an olefin cracker as part of its integrated complex, producing polymer resins sold to downstream industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Long Son Petrochemicals operates Vietnam's first integrated petrochemical complex, developing, constructing, and operating facilities that include a state-of-the-art mixed-feed olefin cracker, polyethylene plants producing HDPE and LLDPE, and a polypropylene (PP) plant, along with central utilities, port and jetties, and warehouses. The company manufactures and sells HDPE, LLDPE, and PP polymer resins—used in film, blow molding, injection, rotomolding, yarn/monofilament, and other industrial applications—to plastic converters and manufacturers in Vietnam and the broader Asia-Pacific region. LSP is positioned to reduce Vietnam's reliance on imported polymer resins and to enhance the competitiveness of the country's plastics industry.

Product overview

Long Son Petrochemicals operates Vietnam's first integrated petrochemical complex, producing three core polymer resin products: HDPE (High Density Polyethylene) using Mitsui Chemicals' bimodal process, LLDPE (Linear Low Density Polyethylene) using Univation's Unipol technology, and PP (Polypropylene) using Mitsui Chemical technology. The complex includes olefin production with a state-of-the-art mixed-feed cracker, polyethylene plants (HDPE and LLDPE), a polypropylene plant (PP), and support facilities including central utilities, port and jetties, and warehouses. The portfolio is complemented by environmental technologies including Vietnam's first Enclosed Ground Flare (EGF), E-Nose air quality monitoring, VOC online monitoring, and a Central Wastewater Treatment Unit with real-time monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• HDPE (High Density Polyethylene) High density polyethylene resin produced by a bimodal process developed by Mitsui Chemicals Inc. of Japan. Offers a balance of stiffness, toughness, and flowability. Applications include Film, Blow molding, Injection, and Yarn/Monofilament. Sold to industrial polymer converters and manufacturers in Vietnam and Asia-Pacific.
• LLDPE (Linear Low Density Polyethylene) Linear low density polyethylene resin produced by Unipol gas-phase process technology developed by Univation Technology LLC of USA. Offers a balance of toughness, flexibility, and ESCR. Applications include Film, Injection, and Rotomolding. Sold to industrial polymer converters and manufacturers in Vietnam and Asia-Pacific.
• PP (Polypropylene) Polypropylene resin produced by technology of Mitsui Chemical Inc. of Japan. Includes PP Block Copolymer and PP Homopolymer grades. Offers a balance of stiffness, toughness, and flowability. Applications include Injection and Yarn/Monofilament. Sold to industrial polymer converters and manufacturers in Vietnam and Asia-Pacific.

Quantifiable outcome

• Zero official environmental complaints maintained through world-class environmental technology and early detection systems
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature13 records

Partnerships

14 partnerships are on record, tiered major, minor and core.

• Nearly 40 Business Partners (BR-VT Province)majorGTM or Marketing Partner · 1 January 2024In 2024, LSP signed cooperation agreements with nearly 40 business partners in Ba Ria – Vung Tau province to jointly support and expand social initiatives across education, healthcare, environment, safety, and economic development.
• MONRE (Ministry of Natural Resources and Environment, Vietnam)majorStrategic or Co-development Partner · 1 February 2019Public-Private Collaboration (PPC) with MONRE under the Rac Khong Thai Waste Rescue Mission project to drive circular economy for plastics waste management in Vietnam, launched February 2019.
• Dow VietnamminorStrategic or Co-development Partner · 1 February 2019Partner in the Public-Private Collaboration (PPC) for the Rac Khong Thai Waste Rescue Mission project to drive circular economy for plastics waste management in Vietnam.
• Unilever VietnamminorStrategic or Co-development Partner · 1 February 2019Partner in the Public-Private Collaboration (PPC) for the Rac Khong Thai Waste Rescue Mission project to drive circular economy for plastics waste management in Vietnam.
• Qatar PetroleumcoreStrategic or Co-development Partner · 31 May 2018Long-term feedstock supply agreement for the purchase of up to 2 million tons per year of LPG and Naphtha for a period of 15 years. Qatar Petroleum, the world's largest LNG producer, is a key raw material supplier for LSP's petrochemical operations.
• Mitsui Chemicals Inc. (Japan)coreTechnology or IntegrationLicensor of bimodal HDPE technology and PP production technology. LSP manufactures HDPE using Mitsui's bimodal process and PP using Mitsui's PP technology, enabling production of high-quality polymer resins.
• Univation Technologies LLC (USA)coreTechnology or IntegrationLicensor of Unipol gas-phase polyethylene process technology used for LLDPE production at LSP. This technology enables LSP to produce linear low density polyethylene with balance of toughness, flexibility, and ESCR properties.
• Ba Ria – Vung Tau College of Technology (BC Teach)minorStrategic or Co-development PartnerLocal educational institution collaborating with LSP to co-develop training programs for employees and identify and recruit promising talent from the local pool.
• Lilama 2 International Technology CollegeminorStrategic or Co-development PartnerTechnical college partnering with LSP to co-develop training programs for petrochemical workforce development and recruit skilled local talent.
• PetroVietnam CollegeminorStrategic or Co-development PartnerPetroleum and chemical vocational college collaborating with LSP on workforce development and training programs aligned with petrochemical industry needs.
• Vung Tau City People's CommitteeminorStrategic or Co-development PartnerCollaborated with Vung Tau City People's Committee in 2022 to plant over 1,100 trees in Long Son and Nui Lon areas as part of environmental and community greening initiatives.
• Ba Ria – Vung Tau Fire PoliceminorStrategic or Co-development PartnerPartnership with Ba Ria–Vung Tau Fire Police to provide basic fire extinguisher training and donate handheld extinguishers to households and community facilities in Long Son.
• Emergency Mutual Aid Center (EMAC)minorStrategic or Co-development PartnerLSP collaborates with EMAC for emergency preparedness, conducting regular emergency drills 3-4 times per month and coordinating mutual aid in emergency situations. LSP serves as EMAG (Emergency Mutual Aid Group) Leader for the region.
• Long Son Border GuardminorStrategic or Co-development PartnerExpanded waste separation model to Long Son Border Guard in June 2024 as part of the Rac Khong Thai Waste Rescue Mission community program.

Scale indicators17 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• PTT Global Chemical: Thailand's largest integrated petrochemical and refining company, producing olefins, polyolefins (PE/PP), and aromatics. Directly comparable as a regional polyolefin producer with cracker-feedstock integration and serves overlapping Southeast Asian polymer markets.
• PetroVietnam: Vietnam's national oil and gas group with downstream petrochemical interests. Comparable as a state-aligned energy/petrochemical operator in the same Vietnamese market and regulatory environment.
• Braskem: Latin America's largest petrochemical producer and a global polyolefins (PE/PP) player. Comparable as an integrated polyolefin resin manufacturer with similar feedstock-cracker-to-polymer value chain structure.
• SABIC: Saudi Arabia-based global petrochemical major producing polyolefins, olefins, and aromatics. Comparable as an integrated polyolefin exporter competing for Southeast Asian polymer import demand.
• LyondellBasell: Global polyolefins leader producing HDPE, LLDPE, and PP via proprietary technologies. Comparable as a large-scale polyolefin resin manufacturer competing for the same Asia-Pacific polymer demand.
• SCG Chemicals (SCGC): Parent company of LSP and one of the largest petrochemical players in Southeast Asia, producing HDPE, LLDPE, PP and specialty polymers. Direct strategic and operational peer given common technology platforms and customer base.
• Sinopec: China's largest petrochemical producer with massive ethylene cracker and polyolefin capacity. Comparable as a vertically integrated polyolefins producer influencing regional polymer pricing.
• Reliance Industries: India's largest integrated petrochemical complex producing polyolefins (PE/PP), polyester, and aromatics. Comparable as an integrated cracker-to-polyolefins producer and a key regional competitor for Asia-Pacific polymer markets.
• Formosa Plastics Corporation: Taiwan-based integrated petrochemical producer manufacturing olefins, polyolefins (PE/PP), and PVC. Comparable as an integrated olefins-to-polyolefins producer serving Asia-Pacific converters with similar product mix.

Regional players

• Binh Son Refining and Petrochemical (BSR): Vietnam's first oil refinery and domestic petrochemical producer, operating the Dung Quat refinery. Comparable as a Vietnam-based energy/petrochemical platform serving the same domestic market and reducing Vietnam's import dependency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LSPofficialpage
• LinkedInlinkedin.com/company/long-son-petrochemicals-lsp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Long Son Petrochemicals