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Asia is undergoing major structural shifts in petrochemical with China and India leading the way. There’s a renewed push to build and upgrade refineries, and construct new naphtha crackers.
Amber Liu, senior manager at ICIS, speaking at Asia Petrochemical Industry Conference (APIC) held in Sapporo Japan said that by 2021-2022, there could be about 10 new naphtha crackers on stream. In the past, these would be built by only the major companies such as PetroChina and Sinopec. But now a number of private companies are planning these projects.
