Global ethylene capacity growth slows to lowest level since mid-1980s

Click here to enlarge imagenullNet global ethylene capacity additions recorded a nearly 2-decade low in 2003 due to significant shutdowns. Last year saw only 1.34 million tonnes/year (tpy) of net additions, compared with an increase of 2.4 million tpy in 2002, according to the latest ethylene survey.Capacity as of Jan. 1, 2004, was 110.8 million tpy, an increase of less than 1% from a worldwide capacity of 109.4 million tpy as of Jan. 1, 2003.About 1.8 million tpy of new capacity is listed in the latest survey, and roughly 1.7 million tpy of capacity was removed from the survey due to idled and shutdown plants. The remainder of additional capacity resulted from expansions at existing si...

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