China continues to demand and production of ethylene fastest growing countries

It is reported that Wood Mackenzie company researchers said the global ethylene production assets pouring into low-cost natural gas feedstock , such as North America and other regions will lead to increased competition in the global ethylene market , in order to remain competitive, ethylene producers will be forced to take a different local conditions strategy.Washi tape

American chemical company Wood Mackenzie study leader Stephen Zinger said: "For ethylene producers , the key difference is that the competition of low-cost raw materials or get closer to the market demand ."

Zinger said: " 2030 , a unique cracker investment will continue to occur in the Middle East region , investment in North America will increase rapidly , then Russia and the Caspian region ."

Wood Mackenzie expects China continues to be a demand for ethylene and ethylene derivatives of the fastest growing countries , China will increase the cost of raw materials producers in the hands of the advantages of having a global production capacity by increasing domestic (coal -to-olefins and naphtha cracking ) and the imports to meet domestic demand.Sellotape


Wood Mackenzie expects the next 10 years, investment in North America in the field of ethylene and derivatives reached a record $ 40 billion -500 billion, global ethylene demand will average 3.3 percent during the period of growth .

North America using ethane feedstock for ethylene production has been a substantial increase in the proportion of less than 50% from 2005 to approximately 65% of the time in 2013 when , Wood Mackenzie expects shale gas resources in North America to make use of ethane feedstock for ethylene production accounted for more than 80%.Masking tape


Zinger said: "The development of shale gas resources in North America has triggered a renaissance in the region ethylene investment because the area has plenty of competitively priced raw natural gas liquids , especially ethane ."

Meanwhile, Wood Mackenzie expects North American demand for ethylene derivatives growth rate far below its planned production capacity of ethylene speed, so the next 15 years will result in export volume growth in North America more than tripled ethylene derivatives .Wholesale masking tape