The hottest Saudi Arabia will build 1.3 million to

2022-10-15
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Saudi Arabia will build a world-class ethylene production line of 1.3 million tons

Saudi Arabia Petrochemical tycoon SABIC company will expand elastopan, a multi-component polyurethane foaming material, to a world-class ethylene production line with an annual capacity of 1.3 million tons, which is expected to be about 2. The second direction: Automotive plastics can be completed and put into production in 2007 in the future; This expansion plan includes the construction of downstream petrochemical raw materials, such as polyethylene (PE) with an annual capacity of 800000 tons, ethylene glycol (eg) with an annual capacity of 700000 tons and polypropylene (PP) production lines with an annual capacity of 350000 tons. The industry is worried that the global petrochemical raw material Market will be oversupplied after 2006

the Middle East, with its rich natural gas resources, is now the region with the fastest expansion of petrochemical production capacity in the world. According to statistics, since, 50% of the global increase in ethylene raw materials came from the Middle East. These new production capacities are mainly dominated by the expansion plans of SABIC company in Saudi Arabia and NPC company in Iran

the industry said that SABIC has successively announced ethylene raw material expansion plans in recent years, causing the petrochemical industry to attach great importance to technical parameters. In 2002, SABIC's annual ethylene production capacity was only about 4million tons, making it the sixth largest ethylene plant in the world. According to SABIC's announced expansion plan, SABIC's annual ethylene production capacity will reach 6.7 million tons by 2006, leaping to the fourth largest ethylene plant in the world

in addition, SABIC has recently announced two ethylene expansion projects, one in Al Jubail and one in Yanbu in Saudi Arabia, respectively, to increase the ethylene production capacity with an annual capacity of 1million tons and 1.3 million tons, which are expected to be completed in 2006 and 2007 respectively. These two expansion projects will increase the annual ethylene production capacity of SABIC to 9million tons, becoming the world's third largest ethylene manufacturer after Dow and ExxonMobil

if coupled with the announcement of the third ethylene production line plan with an annual capacity of 1.2 million tons by Formosa Plastics petrochemical, the ethylene expansion project of Formosa Plastics Petrochemical is expected to be completed in. The industry is worried that the petrochemical industry boom may fall into recession again after the peak of the year and the sharp expansion of ethylene production capacity in the Middle East and Mainland China after 2006

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