Report summary
A quest to meet a higher chemicals demand and feedstock security are behind this new wave of crude-to-chemicals sites in China. These sites take refinery and chemical integration to new heights, with high output of chemicals as the main value generator. These projects produce large amounts of co-products, gasoline and diesel, which will exert significant influence on the fuels market. These large and competitive projects increase the threat of closures for weaker standalone refineries.
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