China National Petroleum Corporation (CNPC) officially started up the Tarim 1.2 MTA Phase II ethylene project in Korla, Bayingolin, along with a supporting green and low-carbon demonstration facility. The 1.2 million tonnes per annum capacity ramp is a positive supply expansion signal, though likely limited in near-term market impact.
China National Petroleum Corporation (CNPC) officially started up the Tarim 1.2 MTA Phase II ethylene project in Korla, Bayingolin, along with a supporting green and low-carbon demonstration facility. The 1.2 million tonnes per annum capacity ramp is a positive supply expansion signal, though likely limited in near-term market impact.
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mildly positive
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