This year, global new ethylene capacity will set a record of 14.6 million tons, with China accounting for more than half. Caixin, February 21

Gelonghui February 21 | According to The Paper, Bloomberg New Energy Finance (BNEF) recently released data showing that by 2026, the global net ethylene capacity will reach 14.6 million tons, approximately twice the average annual new capacity added over the previous five years, setting a record for the highest annual growth. Among them, China accounts for 56% of the global net new ethylene capacity in 2026, becoming a key player in this expansion.