China to lead global ethylene capacity additions by 2025
DUBAI, June 16, 2021
China, which accounts for more than half of the ethylene capacity additions within Asia, is likely to lead the global ethylene capacity additions by 2025.
At the same time Asia is expected to lead the ethylene capacity additions globally with a capacity of 52.94 million tonnes per annum (mtpa) by 2025, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Global Ethylene Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that Ethylene capacity is poised to see considerable growth by 2025, potentially increasing from 201.32 mtpa in 2020 to 299.42 mtpa in 2025, registering a total growth of 49%.
Amareswari Kanaparthi, Oil and Gas Analyst at GlobalData, says: “China leads the capacity additions in the region with a capacity of 31.25 mtpa by 2025. Majority of the additions will be from a planned project Shandong Yulong Petrochemical Longkou Ethylene Plant 1, with the capacity of 3.00 mtpa by 2025.”
GlobalData identifies India as the second highest country in terms of capacity additions with a capacity of 11.85 mtpa by 2025. Majority of the capacity additions will be from one planned and one announced project, Haldia Petrochemicals Cuddalore Ethylene Plant and Nayara Energy Vadinar Ethylene Plant with a capacity of 1.80 mtpa each by 2025.
Iran will be the third highest country in terms of capacity additions with a capacity of 9.99 mtpa by 2025. Majority of the capacity additions will be from a Planned project, Sepehr Makran Chabahar Ethylene Plant, with the capacity of 1.35 mtpa by 2024.
China Petrochemical Corp, Exxon Mobil Corp and Saudi Arabian Oil Co., will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.
-- TradeArabia News Service
