India to export more benzene

Aromatics, India, Markets, Projects

By Malini Hariharan

Indian exports of benzene are set to rise over the next few years as new plants start up.

“India will remain in a net surplus position over the next five years and exports will continue, with [benzene] from western India moving to the Middle East, the US and Europe, and benzene from eastern India shipped to southeast and northeast Asia,” said S B Dutta, Haldia Petrochemicals’ senior general manager marketing, at the Indian Petrochem – 2011 conference.

India exported around 455,000 tonnes of benzene in 2010, up from 330,000 tonnes in 2008. Capacity during this period moved up from 1.1m tonnes/year to 1.25m tonnes/year, while demand in the country grew from 600,000 tonnes/year to 625,000 tonnes/year.

Nearly 475,000 tonnes/year of capacity is due to be added over the next three years, with new plants set to be commissioned by ONGC Mangalore Petrochemicals Ltd (OMPL), ONGC Petro-Additions Ltd (OpAL) and Reliance Industries.

Demand for major derivatives is growing at 5-10%/year, led by overall economic growth, but no major projects are on the horizon.

For instance, styrene demand is projected to grow from 470,000 tonnes in 2010 to 585,000 tonnes in 2012, and the entire volume will be serviced by imports as no styrene projects are in the pipeline in the country.

Demand for linear alkyl benzene (LAB), which accounts for 28% of Indian benzene consumption, is projected to grow at 5-6%/year in the next five years, but with no new capacity planned, imports are set to rise.

Phenol demand is expected to rise from 150,000 tonnes this year to more than 200,000 tonnes in 2015-2016. With local production running at around 70,000 tonnes/year, imports will account for about 60% of demand.

PREVIOUS POST

Polyester still booming

09/11/2011

By Malini Hariharan The blog has been listening to some interesting presentation...

Learn more
NEXT POST

It's Always Helpful To Have A Plan

10/11/2011

By John Richardson THERE are four major reasons why the first three quarters of ...

Learn more
More posts
Omicron, petchems and the developing world: we might get lucky this time, but maybe not next time
02/12/2021

By John Richardson UNTIL ALL of us are adequately vaccinated none of us are sufficiently protected i...

Read
Benzene, the need for a new global Industrial Revolution and the big challenges that lie ahead
30/11/2021

By John Richardson THE CHART BELOW shows that 60% of global benzene production in 2021-2040 is forec...

Read
Global polypropylene could also move from inflation to deflation in Q1 next year
23/11/2021

By John Richardson WE ALL NEED TO ASK ourselves whether the global patterns in polyethylene (PE) and...

Read
Global polyethylene could move from inflation to deflation by as early as Q1 2022
22/11/2021

By John Richardson THE BALTIC DRY INDEX, one of the excellent barometers of overall economic activit...

Read
As China coal shortages end, polyolefins margins reach historic lows on oversupply
17/11/2021

By John Richardson AGAIN, DON’T say I didn’t tell you. In my 11 October blog post, having talked...

Read
Dip in Chinese PP exports only temporary with Q1 2022 resurgence looking likely
15/11/2021

By John Richardson TRADE DATA when combined with price assessments, supply and demand estimates and ...

Read
Global polyethylene supply could lengthen, becoming a buyers’ market, sooner than many people think
12/11/2021

By John Richardson RARELY, IF EVER, have events felt so bafflingly complex in the global polyethylen...

Read
China could either see net imports of 63m tonnes in 2021-2031 or net exports of 18m tonnes!
09/11/2021

By John Richardson CONFUSED BY the above chart? Once again I certainly hope so, provided confusion i...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more