News | Chemieindustrie
Published on: 21. August 2025

Overcapacity: Government plans to restructure the petrochemical industry

A Sinopec refinery plant is in Gaoxiao, Shanghai
Oil refineries like this one from Sinopec in Shanghai could be closed under the central government's new plan. (IMAGO / NurPhoto)

According to a media report, Beijing plans to gradually phase out smaller plants and selectively modernize outdated facilities. The new regulation favors chemicals used in artificial intelligence, robotics and semiconductors.

Manuel Liu

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Last updated: 21. August 2025

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