Asian energy companies boosting petrochemical outputs

Demand for petrochemical products is growing solidly in China, despite turmoil in markets for steel and other materials due to China's supply glut.

Chinese and Southeast Asian energy companies are rushing to expand their production facilities to meet rising demand in the coming years, particularly in emerging markets.

Thailand's energy giant PTT group operates a total of about 20 oil plants in Map Ta Phut, Rayong Province, about 200km southeast of Bangkok. The public company has been running its ethylene plant at full capacity over the past two years. Ethylene is a basic petrochemical product.

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