A new million tonne petrochem unit is coming up – 12 Feb 2025

An additional million tonne petrochemical capacity is coming up in what could be an over-supplied market

The logic for local capacity in an environment of global over-supply is that somehow the government will protect domestic capacity with tariff and non-tariff barriers, which may not be easy to implement in Trump's era

There is business galore for equipment suppliers and EPC contractors however