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Olefins project in the Gulf of Mexico may be "cool"

 Last Update: 2022-04-25
 Source: Internet
 Author: User

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U.
S.
petrochemical investment outlook increases uncertainty

U.
S.
Petrochemical Investment Prospects Increased Uncertainty U.
S.
Petrochemical Investment Prospects Increased Uncertainty

Based on the current economic situation, ethylene investment projects outside the US Gulf Coast may be "cool"
.

A number of issues are complicating the investment outlook for the U.

From the perspective of demand, according to IHS Markit estimates, the demand for olefins will continue to grow in the future
.

According to IHS Markit, global ethylene and propylene demand grew by 3.

Among regions, China and North America will remain the largest drivers of global ethylene demand growth, while China's growth will be driven by domestic derivatives demand, while North America's growth will be driven by exports
.

For propylene, its main application remains the production of polypropylene, which will account for 70% of propylene consumption in 2021

However, IHS Markit also said that uncertainty about the development of olefins also exists
.

For example, sustainability trends, especially increasing pressure to reduce plastic consumption and increase plastic recycling, may dampen ethylene and propylene demand growth

　　Veral Mehta, business director at IHS Markit, said the U.
S.
still has a significant portion of unused ethane resources
.

It is expected that 6 to 7 sets of ethylene crackers with a capacity of 1.

　　In addition, in the Gulf Coast region, there are two projects in progress
.

One of them is Formosa Petrochemical's $9.

　　Outside the US Gulf Coast, although North American manufacturers have previously proposed the construction of multiple cracking projects to utilize ethane resources in North Dakota, Ohio, West Virginia and Pennsylvania, only one project is currently advancing, namely Shell Penn Petrochemical Complex in Monaca, Pennsylvania
.

The project includes a 1.

　　Propylene is similar
.

Future U.

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