Episode 1215: Think Tank: China petrochemicals gets complicated

Rampant overcapacity in China will change as limits to refinery expansions and new plants may stifle feedstock availability. -          Big structural reforms needed to improve China’s economy-          China petrochemical trends become more complicated -          Country plans to cap refinery capacity at 1 billion tonnes/year from 2027-2040-          China forging closer relations with Saudi Arabia-          Swift rise in China electric vehicles threatens petrochemical feedstocks-          Zero carbon rules limit future plant construction in China-          Europe needs to act fast to protect its industry