02 October 2009 18:18 [Source: ICIS news]
TORONTO (ICIS news)--Canadian exports of monoethylene glycol (MEG) are increasingly shifting from Asia to markets in the ?xml:namespace>
The shift was driven by the glut of Middle Eastern MEG capacity supplying
At the same time, the US could see about half of its 2001 peak of 3.5m tonne MEG capacity shut down by 2010, because of plant closures or as a result of ethylene glycol/ethylene oxide capacity being converted to ethylene oxide only, he said.
Canadian MEG exports were running at a rate of just over 1.2m tonnes/year in the first seven months this year, slightly down from almost 1.3m tonnes/year in 2008, according to Cummings’ analysis of the latest statistics
Cummings estimated that exports to
Meanwhile, exports to the
The US, Brazil and Mexico now accounted for 42% of total Canadian exports, up from 8% in 2001, Cummings said.
According to the ICIS plants & projects database, the four Canadian MEG plants have a total capacity of just over 1.5m tonnes/year.
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