China to account for 'major PE, PP capacity growth in 2012-20'

29 May 2013 12:51  [Source: ICIS news]

BERLIN (ICIS)--China will account for half of the global growth in polypropylene (PP) capacity and a third of global polyethylene (PE) growth between 2012 and 2020, said Stewart Hardy, global manager of Petrochemical Market Dynamics at Nexant, on Wednesday.

During the period, the focus on production growth will move from the Middle East to China, the US and Russia, said Hardy at the 2nd ICIS world polyolefins conference, in Berlin.

“China will have a massive growth of capacity,” he said.

There will be 12 million tonnes/year of new polyolefins from methanol to olefins technology by 2020, he said, while a major push on linear low density polyethylene (LLDPE) will see 5-6 million tonnes/year of new capacity added by 2020.

Furthermore, nine new high density polyethylene (HDPE) plants have started up in China during 2012-13.

“The scale of growth in China has deterred PP investments elsewhere in Asia, leaving only a handful  of projects in Thailand, India and Indonesia,” Hardy said.

By: Jo Pitches
+44 208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index