17 May 2007 11:34 [Source: ICIS news]
TAIPEI (ICIS news)--Saudi Arabia will bring on stream 8m tonnes of ethylene (C2) between 2007 and 2012, according to Pat Rooney CMAI’s managing director for the Middle East.
Rooney was speaking at the Asia Petrochemical Industry Conference (APIC) on Thursday.
Iranian capacity meanwhile could climb to 12m tonnes/year by 2015 if all potential projects go ahead.
Rooney said that projects 7, 9 and 10 should be completed by mid-end 2008, while units 5, 8 and 13 will be on stream between 2008 and 2011.
Rooney said he expected projects 11, 12 and 13 to also go ahead, but could not put any timescale on this.
CMAI predicts that 35m tonnes of C2 capacity will come on stream globally over the next 5-6 years, with around half of this coming out of the ?xml:namespace>
Propylene (C3) will start to feature more and more in the
Rooney said that between 2004 and 2010, the
Capital cost inflation is huge however, said Rooney. Capital costs per annual tonne of C2 production in the
Rooney said that costs should eventually start to ease, but for now a significant period of high costs was likely.
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