China Doubles Down on Chemical Plant Expansion Amid Iran War
China is expanding its chemical plant capacity to support its green technology, despite global supply constraints caused by the Iran war. Construction on the world's largest coal-to-ethylene glycol project began on March 20 in Xinjiang's Turpan prefecture.
China is doubling down on mega chemical plants to secure the “industrial gold” needed for its green technology and to scale the coal-based production of chemicals whose global supply is stalled by conflict in the Middle East. On March 20, construction began on the world’s largest coal-to-ethylene glycol project in Xinjiang’s Turpan prefecture, which is expected to produce 2.4 million tonnes per year, according to state news agency Xinhua. China’s first 100,000-tonne/year solution process-based.....