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

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Top executives
Textile industry

It will take some time for the people to change their buying choices

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search