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Petrochemicals, Chinese market

All of the cracking operations use naphtha as feedstock. The future developments of Taiwan s petrochemicals business are linked to developments in the refinery sector which provide the feedstock. Until recently, the supply of petroleum products was in the hands of the government owned Chinese Petroleum Corporation (another CPC ) which operated three refineries and a condensate splitter. These operations supplied the downstream petrochemical plants with naphtha. However, the advent of Taiwan s entry into the WTO has broken this monopoly and FPC has established itself as Taiwan s first private refiner. The FPC refinery was built with the intention of facilitation feed supply to its new crackers. This opening of the petroleum market is allowing the entry of other players and some of the world oil majors have begun to enter the market. [Pg.18]

Competition in Commodity Chemicals Sector. Domestic players in the Commodity Chemicals sector are not as competitive as North American or European players, particularly in the more complex downstream intermediates. The biggest players in the commodity chemicals market in Chitra are the three main oil and gas companies, China Natiotral Petroleum Corporation (CNPC), China Natiorral Petrochemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC), all of which are still prinrarily owned by the Chinese government. [Pg.67]


See other pages where Petrochemicals, Chinese market is mentioned: [Pg.211]    [Pg.95]    [Pg.83]    [Pg.40]    [Pg.212]    [Pg.527]    [Pg.319]    [Pg.398]    [Pg.285]    [Pg.64]    [Pg.2660]    [Pg.41]    [Pg.254]    [Pg.5]    [Pg.8]    [Pg.38]    [Pg.54]   
See also in sourсe #XX -- [ Pg.57 ]




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