CHINA PRESSES BIG PROGRAM TO EXPAND PETROCHEM CAPACITY

China is keeping the fires stoked under its petrochemical expansion campaign. Sparked by a continuing surge in domestic demand for petrochemical products and regional demand for petrochemical feedstock exports, Beijing has embarked on an ambitious program of expanding a range of upstream and downstream petrochemical capacities this decade. ManN, are world scale projects. Some are proceeding with foreign technology and equity participation by foreign partners.