GlobalData: China to spearhead global polyethylene capacity additions through 2028
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
GlobalData’s latest report, 'Polyethylene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028' reveals that China is likely to witness polyethylene capacity additions of 16.34 million tpy during 2024 - 28 from 37 planned and nine announced projects.
Nivedita Roy, Oil and Gas Analyst at GlobalData, commented: “Polyethylene is widely used in various sectors such as packaging, automotive, and construction due to its versatile properties such as lightweight, moisture resistance, affordability, and durability. The robust demand for polyethylene from these sectors in China is likely to further drive capacity additions.”
In China, the major capacity addition is expected from the planned project, SABIC Fujian Petrochemical Zhangzhou Polyethylene Plant 2, with a capacity of 0.60 million tpy. SABIC Fujian Petrochemical owns a 100% stake in the plant and is also the operator. Currently, the plant is under construction in the state of Fuijan and is anticipated to commence production in 2026.
BASF Zhanjiang Polyethylene Plant and Exxon Mobil Corp. Huizhou Polyethylene Plant are the other significant contributors to China’s polyethylene production capacity additions. With a capacity of 0.50 million tpy each, both facilities are being constructed in Guangdong and are anticipated to commence operations in 2025.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/19082024/globaldata-china-to-spearhead-global-polyethylene-capacity-additions-through-2028/
You might also like
Hydrocarbon Engineering Podcast
Leakhena Swett, President of the International Liquid Terminals Association (ILTA), and Jay Cruz, Senior Director of Government Affairs and Communications, join us to consider the key role that industry associations have to play in the sectors that they serve.
Wood selected for methanol plant in the UAE
Wood has secured a contract from TA’ZIZ to provide project management consultancy (PMC) for the development of the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi.
