Home / Knowledge / News / Textiles / Survival of Ethylene industry lies in technological breakthroughs
Survival of Ethylene industry lies in technological breakthroughs
09
Apr '08
While the focus of global ethylene investment continues to shift towards the Middle East and Asia Pacific, Shell Chemicals see a future of continuing opportunity for ethylene producers across all the regions of the world.

Speaking yesterday at a joint meeting of the American Institute of Chemical Engineers, the American Chemistry Society and Ethylene Producers in New Orleans, USA, Shell Chemicals Vice President Strategy and Portfolio Allen Kirkley said: "By 2015, ethylene output from producers in the Middle East, China and other Asia Pacific countries is likely to exceed the combined production of Europe and North America."

Producers in North America and Europe are likely to face continued modest demand growth and increasing pressures from imports, prompting further rationalisation and restructuring.

Ethylene investments in these two regions are likely to focus on replacement capacity and increasing the reliability, efficiency and competitiveness of plants. Integrated energy and petrochemicals producers, including Shell companies, will also continue to focus efforts on maximising their oil-chemical advantage.

Allen said it is likely new investments in the Middle East will become increasingly reliant on less advantaged feedstock, and he noted that soaring engineering, procurement and construction costs are impacting investments there and in Asia Pacific.

There is also a widely accepted industry expectation that operating rates will come under pressure in the next two or three years as Middle East and Asia Pacific production moves ahead of demand in those two regions, the Shell executive said. However, this is not unusual in the historically cyclical petrochemicals industry.

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search