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January 7, 2021

Asia to lead global ethylene capacity additions

By GlobalData Energy

GlobalData’s latest report, ‘Global Ethylene Capacity and Capital Expenditure Outlook, 2020-2030 – Asia Leads Globally in Terms of Planned and Announced Ethylene Capacity Additions’ states that the global capacity is poised to see considerable growth over the upcoming years, potentially increasing from 188.43 million tonnes per annum (mtpa) in 2019 to 311.32Mtpa in 2030. Around 165 planned and announced plants are slated to come online primarily in Asia and the Middle East.

In Asia, majority of the capacity additions are in China, with a total capacity of about 40.48Mtpa by 2030. The country is expected to spend a capital expenditure (capex) of $34.08bn. Major capacity additions will be from Shandong Yulong Petrochemical Ltd, China Petrochemical Corp and Exxon Mobil Corp.

In North America, the majority of ethylene capacity additions are in the US, with planned and announced capacity additions of about 11.17Mtpa by 2030. Capex for these plants totals $8.06bn in the upcoming years.

In the Middle East, Iran leads with planned and announced capacity additions of about 9.77Mtpa by 2030. The country is expected to spend a total of $7.95bn by 2030. The National Petrochemical Co is the top company accounting for the major capacity additions in Iran.

In the Former Soviet Union (FSU), the majority of capacity additions are in Russia, with planned and announced capacity additions of about 8.56Mtpa by 2030. Capex for these plants totals $7.00bn by 2030. RusGazDobycha and Sibur Holding are the top companies accounting for the major capacity additions in Russia.

In Africa, major ethylene capacity additions are in Egypt, with planned and announced capacity additions of about 1.50Mtpa by 2030. The capex for these plants is $2.30bn by 2030.

In South America, Bolivia plans to spend $0.43bn to add capacity of about 0.60Mtpa, expected onstream by 2030.

Shandong Yulong Petrochemical Ltd, China Petrochemical Corp, and Exxon Mobil Corp are the top three companies by planned and announced capacity additions globally over the upcoming years.

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