Global ethylene capacity grew in 2012 at about the same pace as in 2011, and in both years capacity grew more slowly than the prior 3 years, according to the latest Oil & Gas Journal's survey of the industry.
China, the US, and the UAE added almost 2.8 million tonnes/year (tpy) last year, while Japan closed 330,000 tpy. Global capacities as of Jan. 1, 2012, had grown by 2.5 million tpy (OGJ, July 2, 2012, p. 78) after global capacities at the end of 2010 had set a record (OGJ, July 4, 2011, p. 100). That had exceeded capacity added in 2009 (OGJ, July 26, 2010, p. 34) and in 2008 (OGJ, July 27, 2009, p. 49).
Although growth has flattened the last 2 years, it has nonetheless been robust...