29 March 2010 19:00 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--Global demand for vinyl acetate monomer (VAM) is expected to grow 3-4% annually, the president of Taiwan’s Dairen Chemical Co (DCC) said on the sidelines of International Petrochemical Conference (IPC).
“2010 will be better than 2009,” S C Chen told ICIS news in an interview.
Some industry estimates put the global demand growth at 3-6% but Chen said 6% was too optimistic. “The growth will not be more than 4%, maybe.”
VAM’s applications include adhesives, paints, paper coatings and textiles.
Chen said the economic downturn had forced the company to suspend expansion plans in various downstream sectors and even though a slow recovery was taking place, DCC was in a “wait and see” state about future projects.
“We are still looking for [expansion] but I cannot give you a date or location,” Chen said.
DCC owns two VAM plants in ?xml:namespace>
It also owns a number of downstream units.
Chen said he was not concerned with the start-up of a 330,000 tonne/year VAM plant by Saudi International Petrochemical Co (Sipchem) earlier this year.
“I do not think it will have a big impact on the market in Asia”, as most of its shipments would be heading to
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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