Home / Knowledge / News / Textiles / Portion of ethylene capacity will shut-down in next 3 years
Portion of ethylene capacity will shut-down in next 3 years
28
May '10
At the recently concluded, Asian Petrochemical Industry Conference (APIC) held in Mumbai, it was revealed that, global ethylene market is facing oversupply and about five millions tons of capacity will be permanently shut-down in the next three years.

According to the analysis of an expert, currently the world has 300 million tons / year of ethylene capacity, already shut down (mainly in the United States).

In addition, about 1.7 million tons / year of ethylene production capacity in Western Europe will need to be shut down; 2.5 million tons / year of ethylene production capacity in Asian region (including China, South Korea and Taiwan) also needs to be shut down, while production capacity in other parts of the world would be re-optimized.

Under normal circumstances, within a period of time, ethylene capacity in the world will increase by about 12 million tons / year, while demand for ethylene will increase by only 5 million tons / year.

Ethylene production capacity is mostly concentrated in the Middle East and as of 2007, the Middle East achieved an ethylene capacity of 15 million tons after 20 years in building, and production capacity of ethylene in the region is expected to double by 2014, i.e., in only seven years.

Gary Adams, president of CMAI Company said, profit margin of olefin is expected to turn the corner in 2013, by then pricing power of olefin will return to olefin producers.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anvita Mehra
Confidential Couture

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search