China is set to dominate the total upcoming petrochemical project starts in Asia, as it is likely to start operations of 410 petrochemical projects from 2023 to 2027, according to GlobalData.

A new GlobalData report has revealed that China will account for about half of petrochemical project starts in Asia by 2027.

Out of 410 projects that are expected to commence operations in the country, polypropylene projects lead with 48, followed by propylene projects at 42.

Bhargavi Gandham, Oil and Gas Analyst at GlobalData, said: “China continues to add a significant number of petrochemical projects in order to meet ever-growing domestic industrial and consumer demand, and also to reduce imports.

“The upcoming projects are also part of China’s plans to achieve self-sufficiency in petrochemicals.”

Polypropylene projects would constitute around 12 per cent of all petrochemical project starts in China during the period 2023 to 2027.

Among upcoming polypropylene projects, North Huajin Refining and Petrochemical Liaoning Polypropylene Plant leads with a production capacity of 1.0 million tonnes per annum and is expected to commence operations by 2027.

Bhargavi concluded: “Among propylene projects, which are expected to come online from 2023 to 2027, Shandong Yulong Petrochemical Longkou Propylene Plant 1 leads with a production capacity of 2.30 million tonnes per annum.

The project is presently under construction and is expected to start operations in 2025.”