China Needs Coal-to-Olefins Projects to Meet Demand for Next 5 Years: HSBC

Platts reported on China’s need for projects that convert coal into olefins.

The market news is quoted as saying:

“Though the olefins demand outlook in China does not look strong in the short-term, over a five- year period, refinery-based olefins capacity in China will not be able to meet the expected rise in demand,” Sriharsha Pappu, the HSBC Middle East North Africa petrochemicals analyst who led the team that wrote the report, told Platts.

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