GlobalData’s latest report, «Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025» reveals that out of 412 projects expected to commence operations in China, polypropylene projects would be at 45, propylene projects would be at 39, and polyethylene projects at 29.
Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments:
- China is one of the leading consumers and importers of petrochemicals globally
- The large number of upcoming petrochemicals projects in the country can be ascribed to its goal of reaching petrochemicals self-sufficiency
GlobalData also notes that propylene projects would constitute around 9% of all petrochemical projects’ starts in China during the period 2021 to 2025.
The project is presently in the construction stage and is expected to start operations in 2025.