Ethylene and methanol spearhead expansion of global petrochemicals industry over the decade

24-Feb-17

Global petrochemicals capacity will experience considerable growth in the next nine years with increase from 1,447.9 mln mtpa in 2016 to 1,619.3 mln mtpa by 2025, as per Global Data Reports. Large capacity additions with more than 700 planned projects are expected to come online primarily in the China, US and Iran in the next nine years. NW Innovation Works Inc, Janus Methanol AG and Petroliam Nasional Berhad are the top three companies by capacity additions expected to come on-stream over the next nine years.
Global petrochemical industry is expected to spend around US$243.1 billion by 2025 for the upcoming projects. The US, Russia and China are the top three countries by capital expenditure for projects by 2025.