29 March 2011 00:32 [Source: ICIS news]
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This will translate to an incremental 3m tonnes of MEG demand, said Frank Hanraets, vice president for commercial operations at MEGlobal, on the sidelines of the International Petrochemical Conference (IPC).
About one-third of MEG and two-thirds of PTA [purified terephthalic acid] are needed for the polycondensation process for textiles, he said.
MEG and PTA are the main raw materials for polyester production.
For this year alone, a total of 4.7m tonnes of polycondensation capacity is expected to become operational in
MEGlobal expects tight MEG supply to prevail over the next three to five years due to shortage of feedstock ethane, and while new technologies are being developed to produce the material using methanol or coal.
Global demand is expected to grow at around 7%, with double-digit growths expected in
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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