Mid East, China top polyolefins players by 2012

04 November 2008 14:47 [Source: ICIS news]

DUBAI (ICIS news)--Chinese and Middle Eastern petrochemical majors will move up in the list of top global polyolefins players by 2012, indicating the enhanced status of the Middle East and China within the industry, a senior industry official said on Tuesday.

In the next four years, Sinopec, Saudi Basic Industries Corp (SABIC), China National Offshore Oil Corp (CNOOC) and Iran's National Petrochemical Co (NPC) would upgrade their positions among leading polypropylene (PP) and polyethylene (PE) producers, LyondellBasell's divisional director, business development, Martijn Vogelzang told delegates at the Middle East Petrochemical Conference.

Sinopec and SABIC would move up a notch to number two and number four, respectively, while CNOOC would go up two notches to occupy the number six position, he said.

Iran's NPC was expected to enter the Top Ten league for the first time by 2012, to occupy the ninth position.

"With the start-up of new PE and PP capacities in the coming years, the Middle East will have considerable surplus for export in 2012," Vogelzang said.

However, China would beef up its domestic PE and PP production even as the Middle East increases its share of Chinese PE and PP imports, he added.

The two-day conference, organised by ICIS and Nexant, ends on Wednesday.

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By: Prema Viswanathan
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