Rosneft, Royal Dutch Shell, China Petroleum & Chemical Corp to lead global ethylene capacity growth

21-Mar-16

Global Ethylene capacity will experience considerable growth in the next five years, increasing from 176.46 mln mtpa in 2015 to 217.19 mln mtpa in 2019, as per Market Research Reports, Inc. Around 76 planned projects are slated to come online in the next 5 years, driven primarily by the US, Iran and China. Asia has 33 planned ethylene projects, out of which China has 19 projects adding capacity of 5.87 mln mtpa by 2019. Among companies, Rosneft Oil Company, Royal Dutch Shell plc and China Petroleum & Chemical Corporation are the top three companies by capacity additions globally, expected to come onstream by 2019. The Dow Chemical Company, Exxon Mobil Corporation and Saudi Basic Industries Corporation are the top global producers of ethylene having capacities of 11.6 mln mtpa, 9.1 mln mtpa and 8.4 mln mtpa respectively in 2015.