April 2018

Trends & Resources

Industry Perspectives: China holds nearly half of all petrochemical projects in Asia

Over the past decade, the Asia-Pacific region has been the leader in total active projects in all sectors of the downstream processing industry.

Nichols, Lee, Hydrocarbon Processing Staff

Over the past decade, the Asia-Pacific region has been the leader in total active projects in all sectors of the downstream processing industry. Developing nations in the region have made significant investments to increase downstream production capacity to meet increasing demand for transportation fuels and petrochemicals. The demand for petrochemical products will continue for the foreseeable future, led by China and India. Both countries have growing populations with increasing disposable incomes that demand more refined fuels and petrochemical products. To help mitigate imports and to satisfy robust demand, many Asia-Pacific nations are investing in the expansion and debottlenecking of

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