China’s annual olefins demand to grow 5% through 2015
03 February 2012 10:47 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s demand for ethylene and propylene is expected to grow at an average of more than 5% a year through 2015, according to a report released by the country’s Ministry of Industry and Information Technology (MIIT) on Friday.
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.
China’s domestic capacity for these olefins is not expected to fully cover the demand, with its ethylene capacity projected at 27m tonnes and its propylene capacity expected at 24m tonnes by 2015, MIIT’s report showed.
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.
In end-2010, China’s output of ethylene and propylene stood at 14.2m tonnes and 13.5m tonnes, respectively, according to MIIT’s report.By: Adele Zhu
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