Navigating China's Petrochemical Future: Capacity Caps and Geopolitical Tensions

Rampant overcapacity in China will change as limits to refinery expansions and new plants may stifle feedstock availability. 

-          Big structural reforms needed to improve China’s economy

-          China petrochemical trends become more complicated 

-          Country plans to cap refinery capacity at 1 billion tonnes/year from 2027-2040

-          China forging closer relations with Saudi Arabia

-          Swift rise in China electric vehicles threatens petrochemical feedstocks

-          Zero carbon rules limit future plant construction in China

-          Europe needs to act fast to protect its industry