China Likely to Meet Its Target to Increase Ethylene Capacity, MIzuho Says

(Bloomberg) -- China, the world's second-biggest ethylene maker, is likely to meet its target of more than doubling production capacity by 2010, Mizuho Securities Co. said.

Ethylene capacity in China may rise by as much as 17 percent to 11 million metric tons this year, extending a 21 percent gain to 9.7 million tons in 2006, Koichi Ishihara, a senior analyst at Mizuho, wrote in the April edition of a monthly report.


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