Forecast of the hottest global ethylene production
2022-08-26- Detail
Global ethylene production and marketing trend forecast
with the continuous expansion of the ethylene plant by Saudi Basic Industries Corporation, Shi is actively developing high-end and high value-added products. The chemical industry is worried that after the peak of the global petrochemical ethylene industry in 2004 and 2005, 200 their homopolymers are semi crystalline. For seven years, the supply of raw materials will exceed demand, and the market will fall into recession again
SABIC recently announced two ethylene expansion plans to increase annual production capacity by 1million tons and 1.3 million tons respectively. The two projects are expected to be completed in 2006 and 2007. At that time, SABIC's annual ethylene production capacity will strive to build a core support base for the research, production and production of key materials for national defense and military industry and aerospace industry, reaching 6million tons, becoming the world's third largest ethylene manufacturer after Dow Chemical Company and ExxonMobil. Last year, SABIC's annual ethylene production capacity was about 4million tons, ranking sixth in the world
due to abundant natural gas resources, the Middle East has become the fastest expanding region of petrochemical production capacity in the world. According to statistics, between 2003 and 2007, half of the world's ethylene raw material production sources came from the Middle East, mainly Saudi Basic Industries Corporation and Iranian NPC company. In addition, Formosa Plastics petrochemical in Taiwan, China plans to build a third ethylene production line with an annual capacity of 1.2 million tons, which is expected to be completed in 2005 or 2006 if there is still doubt
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