Several ethylene plants expected to come onstream over next few years in China may lead to drop in import demand, seriously affecting global industry; largest plant being planned to have yearly capacity of 2.4 million tonnes, come online late 2014
January 23, 2012
– Several ethylene plants that are being planned in China may lead to a drop in demand for imports, ICIS news reported Jan. 23.
ICIS reported on the status of the top 15 plants, most of which are still undergoing feasibility studies. The largest of these is a plant being planned by Sinochem Quanzhou Petrochemical in Quanzhou, China, that would have a yearly capacity of 2.4 million tonnes of ethylene and would come online at the end of 2014. The other plants undergoing feasibility studies a have capacities of 1 million tonnes/year of ethylene or more.
Two of the top 15 plants have moved feasibility studies and are being planned. One is Sinopec and Henan Coal Chemical Industry Group's plant in Henan province that will have an ethylene capacity of 900,000 tonnes/year. ICIS did not report on a timeline for the plant's coming online. The other ethylene plant in the planning stage is the Fujian Refining & Petrochemical Co. plant in Fujian province that will have a capacity of 1.1 million tonnes/year and come online in late 2013.
The primary source of this article is ICIS news, Sutton, England, Jan. 23, 2012.