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.
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