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  1. Petrochemicals in facts and figures

    ... in Europe due to increased supplies from Asia instead of the US and Saudi Arabia. For example, MEG supply in Europe is expected to grow as early as in Q4 2021, supported by the launch of 2.6 million tonnes of new Chinese capacity in June (projects by Lianyungang Petrochemical and Zhejiang Petroleum), and Fujian Gulei Petrochemical’s 0.7 mtpa project launched in August.