In 2022, China’s new ethylene production capacity reached 5.65 million tons per year, making it the world’s largest producer of ethylene
Thread Content
By the end of 2022, China’s new ethylene production capacity reached 5.65 million tons per year, bringing the total ethylene production capacity to 49.33 million tons per year. By the end of 2022, the United States added 3 new ethylene plants, with an additional production capacity of 4.3 million tons per year; thus, the country’s total ethylene production capacity reached 44.82 million tons per year. It is evident that China’s ethylene production capacity has now surpassed that of the United States, making it the world’s largest producer of ethylene. In 2022, China added 5 new ethylene production facilities, namely: the 1.25 million tons per year light hydrocarbon cracking project at Satellite Petrochemicals Phase II, the 1.2 million tons per year naphtha cracking project at Guangdong Petrochemicals, the 1 million tons per year light hydrocarbon cracking project at Dongming Petrochemicals, the 1 million tons per year naphtha cracking project at Hainan Refining & Chemicaling, and the 1 million tons per year light hydrocarbon cracking project at Zhenhai Refining & Chemicaling. By the end of 2022, the United States saw the addition of 3 new ethylene production facilities: Bayport Polymers in Port Arthur installed a new ethylene plant with a capacity of 1 million tons per year for the production of ethylene from ethane; this facility is part of a joint venture between Total, Novachem, and Norsk Hydro. American Shell Oil has added a new 1.5 million-ton ethane plant in Pennsylvania, which includes facilities for producing 1.5 million tons of ethylene and 1.6 million tons of polyethylene. Additionally, the U.S.-based GulfCoastGrowth Company has added an ethane plant with a capacity of 1.8 million tons in Port Arthur; this is a joint venture between Mobil and Sabic.
This post was last edited by qugd on 2023-1-12 at 13:39. I recall that about 5 years ago, some media outlets and analysis firms talked a lot about the issue of excess integrated refining projects and large-scale chemical manufacturing projects, as well as about the shrinking profits in the chemical products market. It seems now that that view was extremely naive. The production of ethylene and other bulk chemical products is necessary for the overall economy; it constitutes the basis for the production of fine chemical products. There is no such thing as excess in these areas. On the contrary, in the past, due to China’s limited production capacity, many chemical products did not have any say or control over pricing in the international market. Only foreign companies with production capacities that far exceed those of their competitors can enable China to gain a position and a voice in the global chemical market, thereby facilitating the development and growth of the fine chemicals industry. In recent years, the transformation of the refining industry has been quite successful, right? In another decade or so, there will be rapid advancements in terms of the variety, quality, and application areas of fine chemical products, and then such products will also have a significant influence. Judging from the situation of products such as PVC, PTA, and EOEG in recent years, the Chinese market is no longer constrained by foreign forces at least.
The United States has seen an increase in ethylene production from ethane, thanks to the rise in its shale gas output; overall, its operating costs are likely to be much lower than those in China.
The raw material cost determines it; if he doesn’t need it, he has to sell it
There are always times of surplus, just like for steel, cement, and glass
Go beyond the United States and enhance competitiveness