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CIS PETROCHEMICALS

11-12 April 2019  |   Moscow, Russia

DEMAND FOR PETROCHEMICALS WILL CONTINUE TO GROW IN THE FORESEEABLE FUTURE

Posted on 12-01-2018  by GBC 
Alex Lidback, Vice President for Chemical Research from Wood Mackenzie in his presentation at the CIS Petrochemicals conference 2017 has reported that the global demand for basic petrochemical products – ethylene, propylene, benzene and paraxylene – is about 300 million tons per year. The recent research shows that this figure will grow by about 3.5% per year in the next five years. This trend will remain unchanged for some time in both developing and developed countries.
The key issues outlined by Mr Lidback were:
  • Chemical demand will continue to expand and remain relatively healthy
  • Lighter ethylene feedslates around the world impact the investment profile and co-product production
  • Global propylene shortage being met by PDH
  • North America net ethylene trade begins to rival that of the Middle East
  • The world needs to continue investing in chemical capacity to meet new demand requirements
To familiarize with the key theses and supporting data of the paper presented by Mr Lidback, click on the button below:

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