25 September 2004 17:17 [Source: ICIS news]
MONTE CARLO, Monaco (CNI)--Low-density polyethylene (ldPE) projects by Sabic EuroPetrochemicals (EPC) and Huntsman may force the closure of smaller non-worldscale plants in Europe if both ago ahead, an industry source said here Saturday.
Sabic EPC is studying a 500 000 tonne/year cracker, a metathesis unit, a 400 000 tonne/year polypropylene (PP) copolymer unit and a 380 000 tonne/year low-density polyethylene (ldPE) unit at Geleen, southeast Netherlands. It is also considering a 250 000 tonne/year bimodal high density PE (hdPE) plant at Gelsenkirchen, Germany.
And Huntsman is planning a 400 000 tonne/year ldPE plant at Wilton, Teesside in northeast England, which is due onstream in the third quarter of 2007. The project was given the go ahead earlier this month.
However, the source, speaking here on the sidelines of the European Petrochemical Association (EPCA) annual conference, stressed: “LdPE demand growth is pretty flat at present, but this might change by the time these projects are onstream.” In the case of the proposed Sabic EPC PP project, he said: ”Even though PP is reaching maturity in Europe, it is still growing at 4-5% per year.”
He added that the Sabic EPC investments could make sense from a cost point of view because they would be at brownfield sites, enabling the sharing of utilities and combining control rooms.
CNI EPCA newsroom: Suite Naiades C, Grand Hotel; Tel. +377-9315-1070/71
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections