Global oil refining faces shake-up from Asian plastics boom
Global oil refining faces shake-up from Asian plastics boomwww.livemint.com/industry/energy/global-oil-refining-faces-shake-up-from-asian-plastics-boom-11598411803929.html
In China, the biggest of these is Rongsheng Petrochemical Co.’s plant on Zhoushan island, near Ningbo. The 800,000 barrel-a-day operation opened in 2019 and will reach full capacity before year-end. An Indian Oil Corp.-led group is planning a gigantic 1.2 million barrels a day oil-to-chemicals complex on the country’s west coast. Saudi Aramco, as part of its strategy to invest downstream in Asia, has or plans to take a stake in both projects.