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ADNOC plans growth in China, Asia

by ChemOrbis Editorial Team -
  • 19/05/2017 (10:21)
According to media reports, The Abu Dhabi National Oil Company (ADNOC) is aiming to expand in China and Asia in order to meet the demand for its high grade polymer products, especially from China’s automotive industry which is expected to double by 2040.

Accordingly, the company is planning to increase its petrochemical capacity from 4.5 million tons/year in 2016 to 11.4 million tons/year by 2025.

The move comes as part of the company’s 2030 strategy, which is focusing on a more profitable upstream and more valuable downstream business.
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