Global demand for paraxylene (PX) is likely to exceed 40 million tons per annum this year. Production of downstream polyester in China is progressing at a high level, and the supply and demand of highly purified terephthalic acid (PTA), a derivative product, also has improved. Since passing 10 million tons in 2015, PX imports to...
purified terephthalic acid
Korean Government Encourages Industrial Restructuring Amid Petrochemical Oversupply
A structural reform of the petrochemical industry in South Korea is on the horizon. In addition to encouraging voluntary adjustments to production capacity, the South Korean government is placing emphasis on high-performance products such as synthetic resins and synthetic rubber, and is planning to promote industrial upgrades to the existing petrochemical hubs that are Ulsan,...
