APLA ’12: US ethylene capacity could rise by up to 50% by 2020
12 November 2012 12:21 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--?xml:namespace>US ethylene capacity could increase by nearly 50% in the next few years if all the expansions and new cracker projects that have been announced come to fruition, a consultant said on Monday.
US capacity will grow by 1.7m tonnes/year in 2012-2014, while another 9.5m-11.2m tonnes/year could enter the market in 2016-2020, IHS chemical analyst Mark Eramo said during a presentation at the Latin American Petrochemical Association (APLA) annual meeting.
The US now has around 27m tonnes/year of ethylene capacity, as assessed by ICIS.
Eramo estimated that more than $20bn (€15.8bn) will be invested in North America in new assets and infrastructure as a result of the expansions.
Ethylene capacity on a global scale will reach 200m tonnes/year by 2020, Eramo projected.
The APLA conference ends on Tuesday.By: William Lemos+1 713 525 2653
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