Asia to dominate global ethylene capacity additions by 2030

The major capacity addition in Asia is the Shandong Yulong Petrochemical Longkou Ethylene Plant 2 announced project.

GlobalData Energy November 10 2023

Global ethylene capacity is poised to see considerable growth over the next five years, potentially increasing from 225.52 million tonnes per annum (mtpa) in 2022 to 331.39mtpa in 2030, registering a total growth of 46.9%.

Approximately 140 planned and announced ethylene projects are expected to come online, predominantly in Asia, followed by the Middle East over the upcoming years.

Asia is expected to add a capacity of 61.24mtpa from 50 new-build planned projects, whereas, for the expansion of existing ethylene projects, the region is expected to add a capacity of 2.33mtpa from five planned and announced projects.

Within Asia, the major capacity addition is from an announced project, Shandong Yulong Petrochemical Longkou Ethylene Plant 2, with a capacity of 5.20mtpa. It is expected to come online in 2030.

It is followed by a planned project, Shandong Yulong Petrochemical Longkou Ethylene Plant 1, with a capacity of 3mtpa. This is expected to commence production of ethylene in 2024.

The Middle East follows with a capacity of 17.60mtpa from 16 new-build planned and announced projects, whereas for expansion the region is expected to add 1.58mtpa from three announced projects.

Within the Middle East, the major capacity addition will be from a planned project, Qatar Chemical Company Ras Laffan Ethylene Plant, with a capacity contribution of 2.10mtpa. It is expected to come online in 2026.

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