Analysis of global planned ethylene capacity shows that the US has the highest planned ethylene capacity additions with 10 million tpy during 2018 to 2022, followed by China and Iran with 8 million tpy and 6 million tpy, respectively, according to GlobalData, a leading data and analytics company.
With eight planned ethylene plants, the US currently accounts for 33% of total global planned ethylene capacity additions in 2022. Among these, Formosa Plastics Corp.’s Point Comfort Ethylene Plant 3 and Exxon Mobil Corp.’s Baytown Ethylene Plant 2 have the highest capacities with 2.3 million tpy each.
China has 27% share in the global planned ethylene capacity additions in 2022. China has 18 planned ethylene plants. The top three planned plants in terms of capacity are Zhejiang Petrochemical Daishan Ethylene Plant 1 with a capacity of 1.4 million tpy, followed by Sinopec Zhenhai Refining & Chemical Co. Ningbo Ethylene Plant 2 and Sinochem Quanzhou Petrochemical Quanzhou Ethylene Plant with capacities of 1.3 million tpy and 1 million tpy, respectively.
Iran is expected to contribute about 19% to the total global planned ethylene capacity additions in 2022. The country has nine planned ethylene plants. Sepid Mehr Chabahar Ethylene Plant leads with a capacity of 1.1 million tpy. Gachsaran Petrochemical Company Gachsaran Ethylene Plant, Bushehr Petrochemical Co. Assaluyeh Ethylene Plant and Firouzabad Petrochemical Co. Firouzabad Ethylene Plant are jointly in second, each with a capacity of 1 million tpy.
Russia has 7% share in the global planned ethylene capacity additions in 2022. Russia has only two planned plants, ZapSibNeftekhim Tobolsk Ethylene Plant and Novy Urengoy Gas-chemical Novy Urengoy Ethylene Plant, with capacities of 1.5 million tpy and 0.4 million tpy, respectively.
Malaysia, Vietnam, Oman, and Venezuela are jointly in fifth, each with a capacity of 1 million tpy, contributing around 3% of the total global planned ethylene capacity additions in 2022.
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