China ramps up ethylene output, aka ‘industrial gold’, amid Iran war disruptions
PetroChina’s Xinjiang hub shifts output to the western interior region to rebalance coastal-heavy sector and hit green goals as Middle East conflict flares

China is increasing production of ethylene, a petroleum derivative, in its oil-and-gas-rich west, with new facilities designed to meet carbon emission reduction targets, as conflict in the Middle East sparks concerns over supply chain vulnerabilities.
Ethylene, which has been dubbed “industrial gold” in China, is critical to the production of modern industrial goods, spanning everything from everyday plastics to synthetic fibres and advanced materials.
China is the world’s largest producer of the chemical, Guolian Futures said in a research note released earlier this year, with an annual production capacity of more than 62 million tonnes by the end of last year.
However, production remains heavily concentrated in eastern coastal regions, which accounted for 65 per cent of national output last year, China Petroleum Daily, a newspaper affiliated with PetroChina, reported on Thursday.