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Plans to build up to seven propane dehydrogenation (PDH) plants in North America could overwhelm world markets, causing some companies to back away from their projects, according to analysts.
US producers are seeking to increase propylene capacity to make up for lost production.
PetroLogistics' PDH unit in Houston, Texas, is the world's largest
The company already plans to build a 1.65bn lb/year (750,000 tonne/year) PDH plant in Texas.
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices