GlobalData’s latest analysis of the global planned propylene capacity shows that China has the highest planned capacity additions with 8.77 million tonnes per year (mtpa) during 2018 to 2022, followed by the US and Iran with 2.39 mtpa and 2.20 mtpa respectively.
China will account for 40.4% of the total global planned propylene capacity additions in 2022. The country has 19 planned propylene plants. Among these, Fujian Meide Petrochemical Fuzhou Propylene Plant, Oriental Energy Ningbo Propylene Plant 2, and Oriental Energy Ningbo Propylene Plant 3 lead in terms of capacity, each with 0.66 mtpa.
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The US will have an 11.0% share in the global planned propylene capacity additions in 2022. The country has five planned propylene plants. The top planned plant in terms of capacity is Enterprise Products Partners Mont Belvieu Propylene Plant with 0.75 mtpa, followed by Formosa Plastics Group St. James Parish Propylene Plant with a capacity of 0.60 mtpa and Formosa Plastics Corporation Point Comfort Propylene Plant 2 with a capacity of 0.55 mtpa.
Iran is expected to contribute about 10.1% to the total global planned propylene capacity additions in 2022. The country has eight planned propylene plants. Salman-e-Farsi Petrochemical Company Mahshahr Propylene Plant leads with a capacity of 0.50 mtpa, followed by The National Petrochemical Company Mahshahr Propylene Plant and Mehr Petrochemical Company Assaluyeh Propylene Plant, each with a capacity of 0.45 mtpa.
Image: Global planned and announced FPSO additions by key countries. Credit: Upstream Analytics.
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By GlobalDataMalaysia will have 8.1% share in the global planned propylene capacity additions in 2022. PETRONAS Pengerang Propylene Plant is the only planned plant in Malaysia with a capacity of 1.75 mtpa.
Egypt is expected to contribute about 6.2 percent to the total global planned propylene capacity additions in 2022. The country has two planned propylene plants. Tahrir Petrochemicals Company Ain Sokhna Propylene Plant leads with a capacity of 0.88 mtpa, followed by ECHEM Boubyan Petrochemicals JV Alexandria Propylene Plant with a capacity of 0.47 mtpa.
Russia, Indonesia, Belgium, India and Canada together are expected to have propylene capacity additions of 3.86 mtpa, or around 17.8% of the total global planned propylene capacity additions in 2022.
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