22 April 2005 04:24 [Source: ICIS news]
GUANGZHOU (CNI)--The Guangdong province has the potential to develop liquefied natural gas (LNG)-based petrochemicals, according to Wang Zhende, standing vice president of the Shenzhen Petrochemical Industrial Association.
Speaking at the China Petrochemicals & Feedstocks Summit 2005 on Friday, Wang said the province was already importing LNG and had plans to get more mainly for residential use.
However, LNG contains a lot of ethane and propane, which can be extracted by companies for producing ethylene and propylene. He added that the cost of building a gas-based cracker in Guangdong would be much lower than that of a naphtha-based cracker.
“If they are separated and collected, the total capacity of ethylene and propylene can reach more than 500,000 tonne/year,” he said.
Shenzhen imported 3.62m tonne of plastics resins in 2003, said Wang. This constituted about 573,000 tonne/year of polyethylene (PE), about 612,500 tonne of polypropylene (PP), more than 1m tonne/year of polystyrene (PS), about 391,000 tonne of polyvinyl chloride (PVC) and about 630,000 tonne/year of acrylonitrile butadiene styrene (ABS).
He added that companies in Shenzhen consumed 1.55m tonne of plastic resins in 2003, which was almost equivalent to the output capacity of a cracker.
Organised by IBC Asia, the two-day conference ends today (22 April).
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|