“Heavy industry projects in Southeast Asia attract significant investment, advance manufacturing sectors, and drive economic growth.”
10 New and key projects in the heavy industry sector in Southeast Asia
Overview
Illustration
| Project Name | Location | Estimated Budget | Industry | Investor |
|---|---|---|---|---|
| PIPC – Petronas RAPID (Refinery & Petrochemical Integrated Dev.) | Malaysia (Pengerang, Johor) | ~$16 billion (+$11 billion utilities) | Oil – Petrochemical | Petronas, JPDC, Dialog, Vopak |
| Jurong Island Refinery Expansion | Singapore (Jurong Island) | ~$2 billion | Oil – Refining & Petrochemical | ExxonMobil & Government of Singapore |
| Long Son Integrated Petrochemicals Complex | Vietnam (Long Son, Ba Ria–Vung Tau) | ~$2 billion (estimated) | Oil – Petrochemical | Long Son JV (Vietnam + Private) |
| BYD EV Manufacturing Plant Subang | Indonesia (Subang, West Java) | ~$1.3 billion | Electric Vehicles | BYD (China) |
| Sihanoukville Oil Refinery | Cambodia (Kampong Som) | ~$1.6 billion | Oil – Refining | SINOMACH (China) |
| Ha Tinh Steel Plant | Vietnam (Ha Tinh) | ~$1 billion (estimated) | Steel | Formosa (Taiwan) |
| Krakatau Steel Plant | Indonesia (Cilegon) | ~$1 billion (estimated) | Steel | Krakatau Steel (Indonesia) |
| Brunei Fertilizer Industries | Brunei (Sungai Liang, Belait) | – (SOE investment, hundreds of millions USD) | Fertilizer – Urea | Government of Brunei (BFI) |
| Vung Ang Battery Cell Plant | Vietnam (Vung Ang EZ) | ~$275 million | Electric Batteries – Heavy Industry | VinES (Vingroup) & Gotion High-Tech |
| BYD EV Manufacturing Plant Rayong | Thailand (EEC, Rayong) | ~$250 million | Electric Vehicles | BYD (China) |
Detailed Explanation:
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Jurong Island Refinery Expansion (Singapore): ~$2 billion investment to expand refining capacity and upgrade to Group II base stocks. ExxonMobil committed to the project in April 2019, with construction starting late that year (source: nesfircroft.com).
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PIPC – RAPID (Malaysia): RAPID project costs ~$16 billion, plus $11 billion for utilities. Petronas and partners are building one of the largest petrochemical projects in the region (source: en.wikipedia.org).
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Sihanoukville Oil Refinery (Cambodia): Cambodia’s first oil refinery with a capacity of ~100k bpd; phases 1–2 completed by 2022 (source: nesfircroft.com).
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Long Son Petrochemicals (Vietnam): Vietnam’s first petrochemical complex, ~200k bpd capacity, expected to begin operation in 2023 (delayed) (source: seac.tradelinkmedia.biz).
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Brunei Fertilizer Industries: Modern urea fertilizer plant with a capacity of ~1,365,000 tons/year, built from 2018–2021 (source: en.wikipedia.org).
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Vung Ang Battery Cell Plant (Vietnam): $275 million investment by Vingroup & Gotion to produce 30 million cells annually starting Q3/2023.
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BYD Rayong (Thailand): Southeast Asia’s first EV factory by BYD started in March 2023, operational by July 4, 2024, with a capacity of 150k vehicles/year (source: en.wikipedia.org).
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BYD Subang (Indonesia): $1.3 billion investment for a 150k vehicle/year capacity EV factory, construction starts in March 2024, completion post-2025 (source: en.wikipedia.org).
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Formosa Ha Tinh Steel (Vietnam): Large-scale steel plant in Ha Tinh by Formosa Group (source: blackridgeresearch.com).
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Krakatau Steel Plant (Indonesia): New steel plant or expansion in Cilegon by Krakatau Steel (source: blackridgeresearch.com).
Notes:
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PIPC – RAPID: The largest oil and petrochemical project in Southeast Asia.
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Major steel projects, such as Formosa Ha Tinh and Krakatau Steel, have significant value, but no specific budgets have been disclosed, estimated at approximately $1 billion each.
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Smaller projects, such as the Vung Ang Battery Cell Plant and BYD Rayong, play strategic roles in industrial development.
(Vn-Industry.)
Home page: https://vn-industry.com/
