China to use locally sourced shale gas as feedstock in near term
02 November 2011 09:29 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s petrochemical producers are expected to use domestically sourced shale gas as a feedstock for production of petrochemicals within the next decade, industry analysts said on Wednesday.
However, the country will need to import technologies from the US to tap the abundant natural resource, according to Paul Pang, managing director of chemicals consultancy Chemical Market Associates Incorporated (CMAI).
“None of the companies in China have the technology and it needs to have the technology first to do so,” Pang said.
“There is potential [in China], but it will only happen seven to eight years down the road,” Pang added.
Darren Smith, managing director for Asia at CMAI, said: “It will take some time for [the] infrastructure in China to be brought online.”
Pang and Smith were speaking at the Downstream Asia 2011 conference in Singapore. The event is part of the Singapore International Energy Week, which runs on 1-2 November.
Shale gas development is not unique to the US, but its shale gas industry has an edge over other countries, the analysts said.
This is because it already has developed the infrastructure, pipelines and technology to tap the natural resource, the analysts added.
The US shale boom has attracted interest in companies all over the world to invest in technologies to enable them to develop shale gas in their own countries.
Please visit the complete ICIS plants and projects databaseBy: Samuel Wong
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.