abc 24 December 2025 Global Research First Read Wanhua's petrochemical profitability set to improve in coming two years Wanhua currently has two sets of ethylene facilities with 2.2mtpa capacity in total. It will increase the percentage of ethane as feedstock, as the ethane-to-ethylene process has cost advantages over those with naphtha/LPG as raw materials and could improve the petrochemical segment's profitability meaningfully. Moreover, with petrochemical fundamentals at a historical trough, we note cape ...