The world's hottest ethylene production capacity r

The world's ethylene production capacity reached a new high

according to the survey published by the American oil and gas journal, the world's net ethylene production capacity increased by 6.6 million

tons/year in 2000, reaching a record increase. The world's ethylene production capacity was 94 million tons on January 1, 2000, 100.6 million tons on January 1, 2001, and 101.5 million tons as of April 1, 2001. It is estimated that the annual growth rate of the world's

ethylene capacity will be 4.5% in 2005, "Wang Xianhong added

in 2000, the price of natural gas and liquid (NGL) in the United States continued to rise, while the price of ethylene increased slowly, forcing many American producers using NGL as raw materials for cracking devices to face difficulties. By the end of 2000, the operating rate in the United States and Western Europe had fallen to

90%. Operation problems, plant downtime and limited increase in new capacity led to the formation of a 710000 ton ethylene import market in Western Europe in 2000, while the previous net import of Western Europe rarely exceeded 150000 tons/year

new plant

the first refinery in Egypt was completed in 2000, with a production capacity of 300000 tons/year. Saudi Arabia Jubail petrochemical plant added a set of 800000 T/a ethylene plant, Al Jubail petrochemical company added a set of 700000 T/a steam cracking plant in its polyethylene plant in November last year, and Yanbu petrochemical company added a set of 800000 T/a plant in January this year

in October last year, the moving end of Nova chemical chuck adopted precision heavy-duty guide rail, and the company completed the third ethylene plant in altarover

a set of 900000 tons/year naphtha of Formosa Plastics Petrochemical Company, the largest in the Asia Pacific region 2 Jinan assaying technology requires that the cracking unit was put into operation in Mailiao, Taiwan, China province last year, increasing the ethylene capacity by three times. In 2000, India added 720000 tons of ethylene per year

in South America, the ethylene expansion projects of C OP e Su L and Dow Chemical account for most of the region. A set of 450000 T/a naphtha cracking unit in Brazil was put into operation last March. In the first quarter of 2001, Dow Chemical and Repsol YPF jointly completed 420000 tons/year ethane cracking in the port of Branca, Argentina.

closure and merger.

Mitsubishi Chemical Company of Japan closed the 276000 tons/year ethylene production unit located in Siri City, and also closed the ethylene glycol and ethylene oxide units. The company closed its production plants mainly because of the large-scale expansion of production plants in Saudi Arabia, Taiwan and Singapore and the expected reduction of import taxes on major petroleum products in Japan. In August 2000, Showa Electric Co., Ltd. of Japan abandoned the 230000 ton/year No. 1 steam cracking unit in Dazhi. The company expanded the capacity of No. 2 cracking unit from 524000 tons/year to 600000 tons/year. In November 2000, sunoil company shut down the ethylene and ethylene oxide units in Brandenburg, which will be dismantled in the next two years

industrial merger enables petrochemical companies to obtain economies of scale and save fixed costs. On February 6 this year, United carbon became a wholly-owned subsidiary of Dow Chemical, and the new Dow Chemical became the world's largest ethylene supplier. Among the top 10 ethylene companies in the world, ExxonMobil (7.1 million tons/year) is behind Dow Chemical (10.1 million tons/year). Chevron Phillips Chemical Company is now the fifth largest ethylene producer in the world. In response to the restructuring in Europe and the United States, Mitsui chemical company and Sumitomo chemical company of Japan agreed at the end of last year to merge their business in October 2003, initially merging their polyolefin business in October this year

six of the world's top 10 ethylene production plants are in the Gulf of Mexico, including five in Texas. Novartis chemical company's 1.3 million ton/year expansion plan makes it the largest ethylene production plant. North America has the largest ethylene production capacity, followed by Asia Pacific and Western Europe

global market

overall, ethylene supply exceeds demand all over the world. In 2000, the world demand for ethylene was 91 million tons, 9.6 million tons lower than the global production capacity. It is estimated that the total consumption will reach 100 million tons by 2002, and the new demand mainly comes from Asia. It is estimated that in the next five years of global ethylene demand growth, Africa and the Middle East increased by 13%, Asia by 8.6%, and the United States and Western Europe by 1.7% and 3.3% respectively