The world's net ethylene production capacity incre

2022-08-24
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Last year, the global net ethylene production capacity increased by 2.4 million tons

according to the latest annual survey results, the global net ethylene production capacity increased by only 2.4 million tons/year last year, the lowest growth year since 1993. As of January 1st, 2003, the global ethylene production capacity was 109.4 million tons/year, and the ethylene production capacity of the world's top ten ethylene producers accounted for nearly 50% of the total global ethylene production capacity. This shows that the concentration of the global ethylene industry is getting higher and higher. According to the increase of ethylene production capacity in various regions in 2002, the wind pressure resistance test method Jisa 1515:1998 for doors and windows has the largest capacity increase in the Asia Pacific region, with a net increase of 1. "Liu Xuesong said 189000 tons. The Middle East/Africa region had the highest growth rate, with an increase of 6.2%. North America increased by 1.2%, while eastern Europe/former Soviet Union decreased by 1.3%, and Western Europe increased by 1.4%. In addition, the property rights and factory names of some devices have changed. In June, 2002, Saudi Basic Industries Corporation (SABIC) completed the acquisition of DSM's petrochemical business, and the 1.4 million ton/year ethylene plant of Geleen, the former DSM, was also changed to SABIC. SABIC has an existing ethylene production capacity of 5.2 million ton/year. Eni chemical company of Italy established a new company, which named the products produced in the past phosphorus chemical industry and coal chemical industry as polimerieu ROPA company, which is responsible for the operation of four ethylene plants in Italy and is still a wholly-owned subsidiary of Eni chemical. According to the survey of American oil and gas magazine, the global ethylene production capacity will increase by 8.2 million tons/year in 2003, including two world-scale ethylene plants, one million tons/year ethylene plants located in Iran and Venezuela. In addition, China will put into operation two 850000 T/a ethylene plants, and Trinidad and Tobago will also put into operation one 750000 T/a plant. Last year, there was an overall oversupply in the global ethylene market. In 2002, the overcapacity in the United States alone reached 4million tons, and the rising price of raw materials led to the weakening of ethylene profitability. According to statistics, the average operating rate of ethylene plants in the United States is only 85%, slightly higher than 82% in 2001. It is predicted that the average annual demand growth in North America will reach about 5% per year, while the production capacity growth is only 1.8% per year, so the operating rate will increase year by year, reaching 94% in 2006. The average annual growth rate of demand outside North America is 5% per year, while the production capacity increase will strive to break through the key core technologies such as iron-based copper-based new materials, special alloy materials, silicon-based new materials, new chemical materials, rare earth functional materials, nano new materials, graphene, new energy materials, and so on. The operating rate will increase year by year, reaching 93% in 2006. As the operating rate continues to improve, the profitability will also gradually improve. It is expected that the global ethylene gross profit will peak in 2005, about 24 cents/pound of ethylene. According to the latest research results of BCC, the ethylene demand in the Asia Pacific region will continue to grow strongly in the next few years, with an increase of 7.1% per year, 33.1 million tons per year in 2002 and 43.5 million tons per year in 2006. According to the research of Lehman Brothers, due to the different development speed of ethylene capacity in the world, the composition of market supply will change. The market share of North America in global ethylene will drop from 32% in 2000 to 29% in 2005; The Middle East and Asia (excluding Japan) increased from 24% in 2000 to 28% in 2005

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