Home / Knowledge / News / Textiles / New petrochemical capacities set to give tough competition
New petrochemical capacities set to give tough competition
03
Nov '08
Production capacity of petrochemicals is expected to rise drastically in the last quarter of 2008 and by first half of 2009 in Asia, Middle East and Saudi Arabia in particular. All these new capacities are expected to give worldwide petrochemical producing countries a run for their money.

Bulk of the investments in this vital textile raw material input is concentrated in Saudi Arabia and more so at Jubail and Yanbu in that country.

With the number of polypropylene capacities being put up, the production of the product is also expected to nearly double in the Middle East. A few among these is the 500,000 tons per annum Saudi-European Petrochemicals in Al-Jubail, expected to come on line in last quarter of 2008 and the 420,000 tons per annum Teldene company in Yanbu.

Saudi European Petrochemical Company a division of SABIC is also planning to open a 500,000 tons per annum at Jubail by end-2008 and also slated to go online is the 200,000 tons per annum Saudi Polyolefin's Co in Al-Jubail, both to manufacture polypropylene.

For instance, the first phase of the joint venture between Saudi Aramco and Sumitomo Chemicals of Japan, to manufacture 1.3 million tons per annum of ethylene and 900,000 tons per annum of propylene is expected to go on-stream by the end of this year at an estimated cost of US $10 billion.

Apart from the above other downstream plants in the pipeline are three plants of 300,000 tons per annum each to manufacture Polyethylene, a 200,000 tons per annum Propylene oxide plant, 600,000 tons per annum Ethylene Glycol unit and two plants of 350,000 tons per annum each to produce Polypropylene.

The JV of Saudi Aramco and Sumitomo also have lined up additional investments of $4-5 billion to manufacture intermediates and other downstream products. Tasnee Petrochemicals is also on the verge of starting its 1 million tons per annum ethylene capacity plant.

Along with these and other capacities across Asia and the Middle East, there is a big possibility of markets of Europe, North America, China and Japan losing their pre-dominance for one of the most important feed stocks of the textile industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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