China plans host of domestic petrochemical plants

05/25/2009
China, concerned over forecasts of increased competition from Middle Eastern petrochemicals suppliers, reported plans to construct a host of domestic petrochemical plants.China’s new plans, however, are causing concern in Southeast Asia that production will outstrip demand and lead to lower prices, particularly after recently announced increases in the Middle East.According to its 2009-11 industry support and development blueprint, China’s State Council plans to raise the country’s ethylene production capacity by 51.2% to 15.5 million tonnes/year.Chinese refineries currently produce about 47.6% of the 21 million tpy of ethylene consumed in the country.The new plants appa...
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