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  1. Petrochemicals in facts and figures

    ... 16,138. PP: surprise news Let us first dive into the heart of the matter before covering prices. In 1H 2021, China launched 2 million tonnes of new polypropylene (PP) capacity (43% of the 2021 targets). The news from Europe was totally unexpected: Repsol announced a EUR 657 million investment to expand its plant in Portugal by 300,000 tonnes of polypropylene and 300,000 tonnes of LLDPE, slated to be launched in 2025. The Portuguese government provided the company with EUR 63 million in tax incentives....