March 2000

Trends and Resources

HP Impact: HPImpact: Studies say capacity needed for polyester, intermediates

Was 1999 the turning point for many sectors of the polyester and intermediates business? According to new analyses of supply and demand from TECNON (UK) Ltd., last year was the end of a period of rapi..

Weirauch, Wendy, Hydrocarbon Processing Staff

Was 1999 the turning point for many sectors of the polyester and intermediates business? According to new analyses of supply and demand from TECNON (UK) Ltd., last year was the end of a period of rapid capacity expansion. With a financial recovery in Asia, supply and demand should move into balance. The studies identify a requirement for 18, as yet unannounced, worldscale PET units, 12 PTA and 5 paraxylene plants within the 1997-2007 timeframe. For PET, packaging resin market tightness could come within the next year. The world average utilization rate for PTA is expected to approach 90% by year-end 2000. However, the capacity overhang in polyester filament, staple and film

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