Dow Jim Fitterling said on Wednesday during ,2017 -2019 , the U.S. ethylene market will likely have six world-class steam cracker new on-line .
Held in Houston on IHS Global Petrochemical Conference , Fitterling announced the expansion of the energy industry has exceeded expectations , as many as 120 new projects , the amount of investment over 100 billion U.S. dollars .Sellotape
"A lot of companies are betting energy revolution is real, " Dow raw materials, high-performance plastics and executive vice president of supply chain Fitterling said, " never before seen such a recovery ."
Some petrochemical giant is planning to expand the production capacity of ethylene , Dow is no exception. Use of cheap ethane advantage , Dow will build understanding of the device . Ethane is the preferred material for producing ethylene.Masking tape
Other plans to build a steam cracker companies, including Axiall, Chevron Phillips Chemical , ExxonMobil, Formosa Plastics Corporation , Shell Chemical , Occidental Petroleum / Miki Chemical , Shell , Odebrecht and Shin-Etsu Chemical .
" Has announced ten new ethane cracker , which is located in eight U.S. Gulf Coast ," Fitterling said , adding that six have passed the feasibility study stage . "Declaration does not mean that eventually put into the building , but it indicates that these enterprises for investment ideas ."Washi tape
According to Platts data shows that if all projects can achieve , by 2020 , the U.S. ethylene production will reach 1200-1400 tons / year, is 1.5 times the current level of production .Wholesale masking
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