The US ethylene market could have six new world-scale steam crackers online by 2017-2019, Dow Chemical's Jim Fitterling has been reported by Platts. Speaking at the IHS World Petrochemical Conference, Fitterling announced expansions for the energy industry -- as many as 120 projects worth US$100 billion in investment -- have outpaced all projections.
Companies are placing bets that the energy revolution is real. Other companies planning to build steam crackers include Axiall, ChevronPhillips Chemical, ExxonMobil Chemical, Formosa Plastics, Shell Chemical, Occidental/Mexichem, Odebrecht, Shell and Shin-Etsu. "We have 10 new ethane crackers announced, eight of them in the US Gulf Coast region," Fitterling said, adding that six of the 10 are past the feasibility phase. "Announced doesn't mean built, but it's still an indication of what companies think of the investment thesis." If all projects -- greenfield as well as expansions/debottlenecks -- are realized, US ethylene production could grow as much as 12-14 million mt/year by 2020, according to Platts data. That translates into an increase of nearly 50% from today's production levels.
27-Mar-14 
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