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China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
India to help Asia spearhead global refining
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China’s critical gas position
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
Gas may be bridge fuel for centuries
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China’s pragmatic coal-to-gas strategy
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
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CNPC's Dalian Petrochemical Corp refinery
India China
Lee Nichols,
Vice-president, content,
Gulf Energy Information
13 November 2023
Follow @PetroleumEcon
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Petchems Report: Asia ramps up petchems production

India and China are both looking to substantially boost their petchems capacities out to 2030

The Asia-Pacific region has and will continue to be the leader in petrochemical capacity additions. Over the next several years, the region will add a substantial amount of new capacity. Ethylene capacity is forecast to increase by approximately 110mt/yr, to more than 320mt/yr. Polyethylene capacity will increase by nearly 25mt/yr, while propylene and polypropylene capacity are forecast to rise by nearly 40mt/yr and more than 43mt/yr, respectively. The region will also add a significant amount of intermediate and specialty chemicals and petrochemicals capacity. The GEI database is tracking more than 220 active petrochemical projects in Asia-Pacific. Most of these additions will be in China a

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