Global propylene capacity is poised to see considerable growth over the next five years, potentially increasing from 150.30mtpa (million tonnes per annum) in 2022 to 219.68mtpa in 2030, registering a total growth of 46.2%.

A total of 175 planned and announced propylene projects are expected to come online, predominantly in Asia, followed by the Middle East, over the coming years.

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Asia is expected to add a capacity of 44.40mtpa from 68 new-build planned projects, whereas, for the expansion of existing propylene projects, the region is expected to add a capacity of 0.32mtpa from five planned projects.

Within Asia, the major capacity addition is from a planned project, Shandong Yulong Petrochemical Longkou Propylene Plant 1, China, with a capacity of 2.30mtpa, which is expected to come online in 2024.

This is followed by an announced project, Shandong Yulong Petrochemical Longkou Propylene Plant 2, with a capacity of 2mtpa. This factory is expected to commence production of propylene in 2030.

The Middle East follows next with a capacity addition of 12.72mtpa from 27 new-build planned and announced projects, whereas for expansion the region is expected to add 0.10mtpa from one announced project.

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Within the Middle East, the major capacity addition will be from Sasa Polyester Sanayi Yumurtalik Propylene Plant 1 and Sasa Polyester Sanayi Yumurtalik Propylene Plant 2, each with a capacity contribution of 1mtpa. They are both expected to come online in 2026 and 2028, respectively.