Investor Presentaiton

New Chinese PDH Plants Support Additional Imports Est. Completion ('000 tons) 660 1Q23 660 1Q23 • Jiangsu Ruiheng New Material Technology 660 1Q23 Liaoning Bora new Material 648 1Q23 Zhejiang Huahong New Material (Phase 2) 490 1Q23 Grand Pacific Petrochemical Corp 660 1Q23 • Guangxi Huayi New Material 810 1Q23 Oriental Energy & Guangdong Jinhui 660 1Q23 Shandong Tianhong (Wanda Petrochemical) 500 1Q23 Shandong Binhua New Material 650 2Q23 Formosa Industries (Ningbo) 660 2Q23 Guangdong Guohan Energy Technology 660 2Q23 36 Planned Projects are Expected to Add 25 MTPA of LPG Demand through 2025 Company Shenzhen Grand Resource (No. 2) China Gas/Yanchang Petroleum Est. Demand Demand is expected to improve further as units built last year continue to ramp up In 2023, we expect 22 new PDH units to be completed, adding ~14.7 MTPA of additional PDH capacity 14 additional units are planned between 2024-2025, totaling up to 10.5 MTPA of demand Using the industry rule of thumb that four VLGCs are needed to transport 1MTPA of LPG, the planned projects, if brought online, would be expected to create a requirement of around 101 VLGCS Sichuan Chemical Works Group 660 2Q23 Shandong Minggang Chemical 660 3Q23 Jiangsu Jiarui Chemical. 500 3Q23 Shandong Orient Hongye Chemical 100 4Q23 Eversun/Shandong Petrochemical & Energy Group 980 4Q23 Liaoning Xianghui Chemical 650 4Q23 Ningbo Kingfa Advanced Materials (No. 2) 660 4Q23 Zhejiang Yuanjin New Material 810 4Q23 Fujian Meide PC/China Soft Packaging Phase 2 980 4Q23 Jinneng Science & Technology Company (No. 2) SP chemicals 970 4Q23 980 2024 Wanhua Chemical Group & Fujian Petrochemical 660 2024 China ZhenHua Oil Guangdong Penzun Energy Lihuayi Weiyuan Chemical Oriental Energy & Guangdong Jinhui 1,000 2024 320 2024 Zhejiang Satellite Petrochemical (No.3) 800 2024 650 2024 600 2024 Sinopec Zhenhai Refining & Chemical 650 2024 Wanjing Petrochemical 900 2024 Oriental Energy (Ningbo) No. 3 1,000 2024 China Gas/Yanchang Petroleum No 2 600 2025 Zhejiang Yuanjin New Material (No.2) 810 2025 Heilongjiang Zhongfei Petrochemical 600 2025 Zhejiang Satellite Energy 900 2025/26 18 Source: NGLS

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