03 February 2012 10:47 [Source: ICIS news]
For ethylene, demand is projected to hit 38m tonnes by 2015, representing an annual growth of 5.1% for the duration of China’s 12th five-year plan, covering the period from 2011-2015, the report stated.
Its propylene demand, on the other hand, is expected to grow at an annual rate of 5.4% to 28m tonnes by 2015, according to the report.
The country’s actual output of the product is projected to be slightly lower than capacity, at 24.3m tonnes for ethylene and at 21.6m tonnes for propylene by 2015, the report showed.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|