GlobalData’s latest report, Q3 2018 Global Propylene Capacity and Capital Expenditure Outlook – Dangote Industries Ltd Drives Global Capacity Additions states that the global propylene capacity is poised to see considerable growth over the next nine years, potentially increasing from 120.4 million tonnes per annum (mtpa) in 2017 to 155.9mtpa in 2026. Around 111 planned and announced plants are slated to come online in the next nine years, primarily in Asia and the Middle East.
In Asia, China has 33 planned and announced propylene plants, with a total capacity of about 11.0mtpa by 2026. Capital expenditure (capex) for these plants is $7.33bn. Major capacity additions will be from Oriental Energy Co Ltd.
In the Middle East, Iran has 14 planned and announced propylene plants, expected to start operations with total capacity of about 2.8mtpa by 2026. Capex for these plants totals $2.71bn over the next nine years. Major capacity additions will be from The National Petrochemical Co.
The US has three planned and announced propylene plants, with a capacity of about 1.2mtpa over the next nine years, and plans to spend $0.90bn. Major capacity additions will be from Formosa Plastics Group.
In the Former Soviet Union (FSU), most propylene capacity additions are in Russia, with capacity of about 1.6mtpa by 2026. Capex for these plants totals $1.66bn by 2026. Sibur Holding is the top company accounting for the major capacity additions in Russia.
Global planned and announced capacity additions by top 10 companies (mtpa)
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData| Source: Petrochemical Analytics © GlobalData |
In South America, Brazil and Bolivia together plan to spend $1.10bn and add capacity of 1.2mtpa, expected to come onstream by 2026. In Africa, Nigeria plans to spend $1.64bn and add capacity of about 1.7mtpa, expected to come onstream by 2026.
In Europe, the major propylene capacity additions are from Belgium, with planned and announced capacity additions of about 0.7mtpa by 2026. Capex for these plants totals $0.71bn.
Dangote Group, Oriental Energy Co Ltd, and Formosa Plastics Group are the top three companies by planned capacity additions globally over the next nine years.
Lyondell Basell Industries NV, Exxon Mobil Corp, and Formosa Plastics Group are the top global producers of propylene, with capacities of 3.9mtpa, 3.4mtpa, and 2.9mtpa, respectively, in 2017.
