Insight
What are the challenges and opportunities for China’s petrochemicals?
Report summary
China’s petrochemical industry is experiencing unprecedented capacity growth. Combined with weak demand bruised by lockdowns during the pandemic, the lengthening market weighs on operating rates and margins. Moreover, under the regulations of energy saving and carbon neutral targets, some small assets that can’t meet the requirements are expected to phase out, together with those that are uneconomic. The industry will experience a round of reshuffling, in which some companies’ competitiveness will improve while others will wash out of this industry. How to survive in this weak market and improve competitiveness have become urgent questions that the petrochemical industry needs to consider. Read on for a more detailed analysis of the challenges and opportunities facing China’s petrochemical industry and the strategies that some companies are adopting to improve their competitiveness.
Table of contents
- Executive summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Australia drafts technology roadmap to lower emissions but implementation is key
A market mechanism is essential to accelerate the transition
$1,050
Insight
Retail fuels in brief
Our brief analyses of the most important developments across retail fuel markets globally, kept to the point.
$900
Insight
Webinar: The role of biofuels in the decarbonisation of transport
Wood Mackenzie analysts discuss the role of biofuels in the decarbonisation of the transport sector
$900