16 June 2005 05:30 [Source: ICIS news]
Udeshi, in a paper presented at the first Asian Aromatics and Derivatives Conference, said PX supply growth was being constrained by the alternative value for reformate.
“Gasoline demand is growing very rapidly, particularly in
Udeshi added that
He predicted that the short supply would increase next year.
As for the demand pull for PX, Udeshi said that there would be 5.5m tonne/year of polyester capacity added globally in 2007.
Purified terephthalic acid (PTA) demand would increase by 2.46m tonne/year against an effective increase in supply of 2.1m tonne/year, he said.
He added that PX demand would increase by 1.65m tonne/year against an effective increase in supply of only 500,000 tonne/year.
The conference, which is organised by Asian Chemical News (ACN)*, ICIS-LOR and International e-Chem, starts on Thursday and ends on Friday.
*ACN and ICIS-LOR are part of the same publishing group as CNI.
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