Long Son was compelled to declare force majeure at the Vietnam petrochemical complex on 22 February 2024 due to equipment failure. The producer's return to operation, originally scheduled for July, was subsequently postponed to August.
UPP is a joint venture that was established in November 2018 and began operations in mid-2021. It leverages the combined strengths of its parent companies to produce competitive and differentiated PP products, catering to the growing markets in Asia.
This is the second fire at the complex this year, with the previous one occurring on 23 February 2024, impacting the No. 3 CDU plant. The recurrence of such incidents has raised concerns about the safety protocols in place at the facility.