On 11/9, Long Son Petrochemicals (LSP) signed a strategic partnership contract worth nearly 80 billion VND with FPT Software to promote digital transformation and the application of artificial intelligence (AI) throughout its production processes.
Under the service framework agreement, LSP will integrate FPT's AI technology and digital solutions into many key areas, from production, procurement, and commerce to human resource management. This is expected to enhance competitiveness, optimize costs, increase safety and efficiency, and promote sustainable development.
Mr. Kulachet Dharachandra, General Director of LSP, said the company has invested over 35 million USD in building a digital platform and considers the partnership with FPT a step towards further exploiting the potential of AI. "We want to establish new standards for safety and efficiency in the petrochemical industry, not only improving the present but also shaping the future of production," he said.
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LSP workers record operating parameters on technological equipment, replacing manual methods. Photo: LSP |
LSP workers record operating parameters on technological equipment, replacing manual methods. Photo: LSP
Representing FPT, Mr. Levi Nguyen – General Director in Taiwan and Thailand – affirmed that FPT's strengths in AI, cloud computing, and enterprise applications will help LSP operate according to a smart production model. This collaboration will contribute to building a smart and sustainable future and enhancing the global competitiveness of Vietnam's manufacturing sector.
According to LSP, this strategic partnership is expected to boost LSP's smart production initiatives and solidify the company's position as a leader in innovation within the industry. In the future, both companies will continue to explore opportunities to expand AI and digital technology applications across the entire petrochemical value chain.
The Long Son Petrochemicals complex, located in Long Son commune, TP HCM, is a key project of SCG Chemicals (SCGC), a member company of the SCG Group, Thailand. This is the first integrated petrochemical complex in Vietnam, including an olefins plant with a capacity of 1.35 million tons per year, three polyolefin plants with a total capacity of 1.4 million tons per year, along with a tank farm system, port, and related utilities. The total announced investment capital is over 5 billion USD.
After more than 10 months of suspended commercial operations, the petrochemical complex resumed operations on 20/8 due to lower crude oil prices. It also launched a 500 million USD project to add ethane gas, aiming to reduce costs by 30%, cut emissions, and increase competitiveness.
Truong Ha
