28 March 2011 23:04 [Source: ICIS news]
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“You would need to build two world-scale plants every year and a world-scale plant is 700,000–800,000 tonnes, so you need 1.5m tonnes a year of glycol and nothing is coming. That’s scary,” MEGlobal vice president for commercial operations Frank Hanraets said on the sidelines of the International Petrochemical Conference (IPC).
Global demand is expected to continue growing at around 7%, while demand from
The tight MEG supply in the world market will likely last three to five years since producers are constrained from building new plants, he said.
"We are looking at all options [to expand]. It's a matter of where you can find the feedstock," Hanraets said.
MEGlobal currently produces more than 1m tonnes/year of MEG at its three production plants in
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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