U.S. ethane cracking ethylene capacity will increase significantly

United States, " World Refining Business Digest Weekly" reports began in November 2013 , several petrochemical companies in the United States has announced plans three new world-scale ethane cracker .Wholesale masking tape

Recently, Formosa Chemical is Louisiana 1.2 million tons / year plant planning. December 2013 , the company announced that the United States Axiall in Louisiana in partnership with other companies worth $ 3 billion to build a set of devices. In addition , Brazil's Odebrecht company announced a plan to plant construction in the United States West Virginia .Masking tape


Although Axiall company and Odebrecht companies are said to build a world -scale devices , but did not disclose the specific capacity of the project. According to reports, the United States will add 10 major cracker project , the total production capacity of about 12.5 million tons / year, the majority are expected to be commissioned in 2016-2018 .Washi tape


New capacity will bring great changes in the U.S. petrochemical industry . 2013 , ethylene producers get a huge margin, they buy cheap shale ethane and naphtha -based ethylene vinyl sold , gross profit was $ 661 / t to $ 1,120 / ton. Even such a high influence on the market and did not make the downstream ethylene derivatives producers benefit . In fact , in recent months there has been U.S. ethylene prices rose . However , there are rumors that the United States will revise ethane contract price , buyers have or will put pressure on suppliers to reduce the price of ethylene in 2014 . In addition, because there will still be new capacity coming into production , ethylene prices will be low .Sellotape