China’s C2 capacity to meet 68% of domestic demand by 2020
19 July 2012 08:35 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s ethylene capacity will cover 68% of its domestic demand by 2020 despite the scheduled start-up of a number of new crackers over the next few years, a consultant of the China National Chemical Information Center (CNCIC) said on Thursday.
China’s total ethylene capacity is expected to hit 25m tonnes/year by 2015 and 32m tonnes/year by 2020, said CNCIC's deputy manager for refining and petrochemical business, Arley Li.
China’s local ethylene supply shortfall is estimated at 18m tonnes/year by 2020, he said at the China Petrochemical Industry Conference, a one-day event held in Singapore.
About 13m tonnes of new ethylene capacity is expected to come on stream in China between 2012 and 2020, he added.By: Chow Bee Lin+65 6780 4359
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