According to hydrocarbon processing news on January 19, global data said that by 2024, the global acrylonitrile butadiene styrene (ABS) production capacity is expected to increase by 19%, from 11.36 million tons / year in 2019 to 13.49 million tons / year. According to global data’s report “global acrylonitrile butadiene styrene (ABS) industry outlook to

According to the latest report of bnef of new energy finance and economics, although the covid-19 pandemic has caused economic damage, the global investment in energy transformation will reach a record $501.3 billion in 2020, an increase of 9% over the previous year. According to the report, thanks to the construction of the largest solar

S & P global Platts said Asia’s gasoline market will see further growth in demand in 2021, with consumption expected to rise, especially in the second half of the year. However, industry insiders warned that the launch of mass vaccination program is slower than expected, a series of reactions caused by the emergence of new

LNG market will recover rapidly in 2021LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest

LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest level since 2014, more than six

Since the 13th five year plan, China’s power industry has stepped onto a new stage of green and efficient transformation and development. By the end of October 2020, China’s installed power generation capacity will be 2.1 billion kilowatts, including 1.23 billion kilowatts of thermal power, 370 million kilowatts of hydropower, 49.89 million kilowatts of nuclear

Asia will lead the acrylic acid production capacity growth, which is expected to increase from 5.44 million tons / year in 2019 to 7 million tons / year in 2024, with an average annual growth rate of 5.1%. Global data’s report “global acrylic industry outlook 2024 – capacity and capital expenditure forecasts for all plants

The organization of Petroleum Exporting Countries (OPEC) and Russia agreed on Thursday to slightly increase crude oil production by 500000 barrels per day from January next year, but failed to reach a compromise on broader and longer-term policies for the rest of next year. This means that the OPEC group, which is composed of OPEC

Covid-19 continues to rage around the world, seriously damaging global and regional economic growth. As a result, companies in the plastics industry in Southeast Asia have been forced to cut their capital expenditure in 2020 as a measure to maintain during the crisis. They have even been forced to rationalize some of their operating expenditure

During the novel coronavirus pneumonia, consumption of fuel dropped sharply, accelerating the transfer of refining capacity from North America to Europe, and accelerating the transformation and upgrading of refinery capacity from old and small refineries to modern, high capacity large refineries. The result is a wave of refinery closures that barely survived the 2008-2009 recession.