SPECIAL REPORT: CMAI: Wave of new Mideast olefins capacity coming on line

An “unprecedented” wave of new olefins capacity is starting up in the Middle East, according to Chemical Market Associates Inc. (CMAI), Houston.“An additional 20 million tonnes of new ethylene capacity is expected by 2012, more than doubling current capacity in this region,” according to Tony Potter, director of olefins studies, Europe, Middle East, and Africa, speaking at CMAI’s World Petrochemical Conference in March.Potter said that 2008 would be a pivotal year because 9 million tonnes of capacity will start up; this will lower global operating rates towards bottom-of-cycle conditions in 2009 (Fig. 1). Click here to enlarge image“A staggering 9 mill...

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