China aims to grow its domestic petrochemical production during the next 5 yr-7 yr,driven by the ongoing modernization of major production facilities and an increase in foreign investments.According to a report by the Chinese Federation of Petroleum and Chemical Industry(CFPCl),the Chinese petrochemical industry's aggregate profit in 2018 grew by more than 30% on the year,to 839.39 B CNY($125 B).In addition,the level of profitability of the industry increased by 6.8% to the highest figure since 2012.CFPCI analysts expect the industry to achieve at least the same growth rates this year,due to continued demand for Chi-I nese petrochemicals,both in the domestic market and abroad,as well as recently announced plans by major local producers to add a dozen petrochemical mega-complexes along the country's east coast over the next 5 yr.Most of these plants will be situated on islands or peninsulas far from civilian settlements,to contain environmental risks.
展开▼
