China hosts 46% of global phthalic anhydride capacity
Published by Tom Mostyn,
Editorial Assistant
Hydrocarbon Engineering,
GlobalData has reported that China is set to lead with the largest active capacity contribution in the global phthalic anhydride industry, adding around 46% of the global capacity in 2019.
The company’s report, ‘Global Phthalic Anhydride Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, reveals that China will lead with the largest capacity contribution globally, with 2.7 million tpy from more than 40 active plants in 2019.
Dayanand Kharade, Oil and Gas Analyst at GlobalData, says: “In China, ‘Shandong Hongxin Chemical Company Zibo Phthalic Anhydride Plant’, ‘Taizhou Union Chemical Industry Taixing Phthalic Anhydride Plant’ and ‘Tianjin Taisen Chemical Industry Group Tianjin Phthalic Anhydride Plant’ are the top active plants with capacities of 260 000 tpy, 140 000 tpy and 130 000 tpy, respectively, accounting for around 20% of the country’s capacity.”
GlobalData identifies South Korea, the US and Taiwan as the other key countries which are leading in capacity contribution in the global phthalic anhydride industry. Together, these countries are set to contribute 1.08 million tpy and account for 18% share in 2019.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/01102019/china-hosts-46-of-global-phthalic-anhydride-capacity/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Duqm refinery enhances sulfur processing with IPCO technology
Duqm Refinery has installed three IPCO SG20 drum granulators to process sulfur efficiently and meet SUDIC standards. The advanced system offers high capacity, reduced emissions, and consistent product quality, addressing common challenges in traditional drum granulation with innovative features and simplified, continuous operation.
