US leads globally in planned ethylene capacity additions by 2022, says GlobalData
Analysis of global planned ethylene capacity shows that the US has the highest planned ethylene capacity additions with 10 Mmtpy during 2018 to 2022, followed by China and Iran with 8 Mmtpy and 6 Mmtpy, respectively, according to GlobalData, a leading data and analytics company.
Presently, the US accounts for 33 percent of total global planned ethylene capacity additions in 2022. The country has eight planned ethylene plants. Among these, Formosa Plastics Corporation Point Comfort Ethylene Plant 3 and Exxon Mobil Corporation Baytown Ethylene Plant 2 have the highest capacity with 2.3 Mmtpy each.
China has 27 percent share in the global planned ethylene capacity additions in 2022. China has 18 planned ethylene plants. The top three planned plants in terms of capacity are Zhejiang Petrochemical Daishan Ethylene Plant 1 with a capacity of 1.4 Mmtpy, followed by Sinopec Zhenhai Refining & Chemical Company Ningbo Ethylene Plant 2 and Sinochem Quanzhou Petrochemical Quanzhou Ethylene Plant with capacities of 1.3 mtpa and 1.0 Mmtpy, respectively.
Iran is expected to contribute about 19 percent to the total global planned ethylene capacity additions in 2022. The country has nine planned ethylene plants. Sepid Mehr Chabahar Ethylene Plant leads with a capacity of 1.1 Mmtpy. Gachsaran Petrochemical Company Gachsaran Ethylene Plant, Bushehr Petrochemical Company Assaluyeh Ethylene Plant and Firouzabad Petrochemical Company Firouzabad Ethylene Plant are jointly in second, each with a capacity of 1.0 Mmtpy.
Russia has 7 percent share in the global planned ethylene capacity additions in 2022. Russia has only two planned plants, ZapSibNeftekhim Tobolsk Ethylene Plant and Novy Urengoy Gas-chemical Novy Urengoy Ethylene Plant, with capacities of 1.5 Mmtpy and 0.4 Mmtpy, respectively.
Malaysia, Vietnam, Oman, and Venezuela are jointly in fifth, each with a capacity of 1 Mmtpy, contributing around 3 percent of the total global planned ethylene capacity additions in 2022.
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