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.
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