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.
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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Propylene Capacity and Capital Expenditure Outlook by Region, Countries, Companies, Feedstock, Projects and Forecast to 2030
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.