|
(ICIS) -- China has set higher capacity
requirements on new petrochemical projects as part of its effort to restructure
the industry and improve its competitiveness, analysts said on Friday. The
National Development and Reform Commission (NDRC), China’s regulatory body that
approves major investment projects, issued an "Industrial Restructuring Catalog"
early this week containing the raised minimum capacities for specific plants
that will take effect on 1 June. The government body last issued the industry
catalogue in 2005. Plants with very small capacities will be weeded out for a
more efficient use of energy and resources. Production at these plants must be
as centralised as possible given their high potency to pollute the environment.
New refineries must at least have a 10m tonne/year capacity, up from the 8m
tonne/year minimum set in 2005, according to the NDRC catalog.
mrcplast.com
|
