Chinese energy giant PetroChina plans to increase capacity for the production of chemical products

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Chinese oil and gas company PetroChina plans to increase the capacity for the production of chemical products of its Liaoyang Petrochemical plant, which mainly processes Russian oil. According to Reuters, this was announced by plant's director, Bai Xuefeng, during the annual parliamentary congress of the PRC. Plant management is changing its strategy, reducing fuel production and shifting the focus to expanding chemical production capacity. It is planned that by the end of 2025, this plant will produce 1 million tons of ethylene per year, and the volume of aromatics produced will increase from 1 million to 2 million tons.

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