Wednesday, 16 June 2021 07:41

China to lead global ethylene capacity additions by 2025, says GlobalData

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Asia is expected to lead the ethylene capacity additions globally with a capacity of 52.94 million tons per annum (mtpa) by 2025. China, which accounts for more than half of the ethylene capacity additions within Asia, is likely to lead the global ethylene capacity additions by 2025, says GlobalData, a leading data and analytics company. 

GlobalData’s report, Global Ethylene Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that Ethylene capacity is poised to see considerable growth by 2025, potentially increasing from 201.32 mtpa in 2020 to 299.42 mtpa in 2025, registering a total growth of 49%.

Amareswari Kanaparthi, Oil and Gas Analyst at GlobalData, says: “China leads the capacity additions in the region with a capacity of 31.25 mtpa by 2025. Majority of the additions will be from a planned project Shandong Yulong Petrochemical Longkou Ethylene Plant 1, with the capacity of 3.00 mtpa by 2025.”

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GlobalData identifies India as the second highest country in terms of capacity additions with a capacity of 11.85 mtpa by 2025. Majority of the capacity additions will be from one planned and one announced project, Haldia Petrochemicals Cuddalore Ethylene Plant and Nayara Energy Vadinar Ethylene Plant with a capacity of 1.80 mtpa each by 2025.

Iran will be the third highest country in terms of capacity additions with a capacity of 9.99 mtpa by 2025. Majority of the capacity additions will be from a Planned project, Sepehr Makran Chabahar Ethylene Plant, with the capacity of 1.35 mtpa by 2024.

China Petrochemical Corp, Exxon Mobil Corp and Saudi Arabian Oil Co., will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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