30 August 1999 00:00 [Source: ICB Americas]Petrochemical feedstock demand is growing at twice the rate of feedstock production itself, or 4 percent per year, according to a new report by SRI Consulting. "However," the Menlo Park, Calif., consultancy says, "feedstocks will be adequate to meet fuel and petrochemical requirements at least through 2005."
The analysis, by SRI's Process Economics Program, concludes that naphtha will not need extraordinary processing steps to meet demand, even though petrochemical feedstocks will account for 15 to 20 percent of the total naphtha supply.
Ethylene growth is projected to decline to 4 percent per year between 1995 and 2005, and refiners are expected to boost their crude distillation capacity by 2 percent per year to 74 million barrels per day in 2005.
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