New York, NY, August 28, 2016 --(PR.com
)-- Q2 Global Propylene Capacity and Capital Expenditure Outlook
Global propylene capacity is expected to witness considerable growth over the next five years, potentially increasing capacity from 111.6 mtpa in 2015 to 130.0 mtpa in 2020. Around 65 planned projects are slated to come online in the next five years, primarily in China and US.
~ Asia has thirty nine planned projects, out of which China has twenty six planned propylene projects adding capacity of about 6.0 mtpa by 2019. Capital expenditure for these projects is estimated to total US$3.64 billion over the next five years. Oriental Energy Co., Ltd. and Fujian Meide Petrochemical Co. are the top two companies accounting for major capacity additions in China.
~ In North America, the majority of capacity additions are in the US, with planned capacity of about 3.1 mtpa and capex of US$2.44 billion over the next five years. Ascend Performance Materials LLC and Enterprise Products Partners L.P. are the top two companies contributing for major capacity additions in the US.
~ In the Middle East the majority of propylene capacity additions are in Iran, with about 1.5 mtpa being added by 2018. Capital expenditure for these projects is estimated to total US$0.85 billion by 2018.
~ In Europe, the majority of capacity additions are in Russia, with planned capacity additions of about 1.2 mtpa by 2020.Capital expenditure for these projects totals US$2.88 billion. Rosneft Oil Company and SIBUR Holding are the top companies accounting for major capacity additions in Russia.
~ In Africa, Egypt is expected to spend around US$0.88 billion to add capacity of about 0.9 mtpa, expected to come onstream by 2020. In South America, Bolivia plans to spend US$0.19 billion to add capacity of about 0.4 mtpa, expected onstream by 2018.
Latest petrochemical study Q2 Global Propylene Capacity and Capital Expenditure Outlook – New Project Announcements in China, Korea, Bolivia, Finland and Saudi Arabia Further Stack Pipeline, provides information and insight on the historic and forecast global Propylene capacity by region. The study also includes capacity share of the major Propylene producers in the world and details on the planned propylene plants and capacity by feedstock.
For more information, please visit https://omensol.wordpress.com/studies/q2gpc ~or~ http://wp.me/P1SMn3-5z
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