09 May 2013 02:46 [Source: ICIS news]
TAIPEI (ICIS)--Thailand's production of ethylene is expected to increase by 5.1% year on year to 4.3m tonnes/year in 2013 on the back of an increase in demand from downstream markets, the Federation of Thai Industries, Petrochemical Industry Club (FTIPC) said on Thursday.
The increase in demand from derivative markets will be led by the production of linear low density polyethylene (LLDPE), which is expected to grow by 5.8% year on year to 1.4m tonnes/year, according to FTIP in a report published for the Asia Petrochemical Industry Conference (APIC).
"The overall domestic demand of PE (polyethylene) resin tends to recover as a result of growth in packaging segment," it added.
Thailand's ethylene production rose by 11% year on year to 4.3m tonnes/year in 2012 as PTT Polyethylene's (PTTPE) new 1m tonne/year ethane cracker and Map Ta Phut Olefins Co' (MOC) new 900,000 tonne/year naphtha cracker were operating at full capacity, according to FTIPC.
The country's ethylene exports fell by 14.5% year on year to 59,000 tonnes in 2012, while imports were up by 4.5% at 115,000 tonnes.
The APIC runs from 9-10 May in Taipei, Taiwan.
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