{"id":589875,"date":"2023-07-10T09:55:52","date_gmt":"2023-07-10T04:25:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=589875"},"modified":"2023-07-10T10:24:46","modified_gmt":"2023-07-10T04:54:46","slug":"excess-of-made-in-china-plastic-likely-to-dent-oils-growth-machine","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/excess-of-made-in-china-plastic-likely-to-dent-oils-growth-machine\/","title":{"rendered":"Excess of made-in-China plastic likely to dent oil&#8217;s growth machine"},"content":{"rendered":"<p> Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. <\/p>\n<p>The construction of more than 20 petrochemical projects \u2014 to produce raw materials that go into making everything from plastic packaging to clothing and detergents \u2014 will be completed across China this year, said industry consultant ICIS. <\/p>\n<p>While part of their output will go into factories across what is still the world\u2019s largest consumer, a slower-than-expected rebound in China\u2019s economy and excessive investment means oversupply is on the cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. The construction of more than 20 petrochemical projects \u2014 to produce raw materials that go into making everything from plastic packaging to clothing and detergents \u2014 will be completed across China this year, said industry consultant ICIS. While part of their output will go into factories across what is still the world\u2019s largest consumer, a slower-than-expected rebound in China\u2019s economy and excessive investment means [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-589875","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=589875"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589875\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=589875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=589875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=589875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}