01 October 2013 17:34 [Source: ICIS news]
PITTSBURGH (ICIS)--Global ethylene capacity is projected to grow from 149m tonnes in 2012 to an estimated 209m tonnes in 2018, an industry source said on Tuesday during Pittsburgh Chemical Day.
“This is a 40% increase, globally, in only six years just from the [ethylene cracker] projects that have been announced,” said Andrew Walberer, partner at AT Kearney Chemical & Group.
The additional capacity will compound what is already a long market where demand is fairly flat, Walberer noted.
In comparison to the significant ethylene capacity growth, demand is projected to increase at a much lower rate, about half that of capacity.
Global demand for ethylene is projected to grow around 21% from 131m tonnes in 2012 to about 159m tonnes in 2018, according to Walberer.
The 46th Annual Pittsburgh Chemical Day was held on Tuesday in Pittsburgh, Pennsylvania.
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