Home / Knowledge / News / Textiles / PRC to lead global PTA capacity additions by 2023: report

PRC to lead global PTA capacity additions by 2023: report

18
Oct '19
PRC to lead global PTA capacity additions by 2023: report
China will drive the global purified terephthalic acid (PTA) industry capacity growth from planned and announced projects from 2019 to 2023, contributing around three-fifths of the growth, according to data and analytics company GlobalData. China is expected to have a planned and announced PTA capacity of 14.20 million tonnes per annum (mtpa) by 2023.

Planned projects account for most of the capacity additions in China. The company’s report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to 2023–Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, identified India as the second highest country in terms of capacity additions in the global PTA industry.

India will add a capacity of 2.60 mtpa from three announced projects, Materials Chemicals and Performance Intermediaries (MCPI) Haldia PTA plant 3, Indian Oil Corporation (IOC) Paradip PTA plant and IOC Panipat PTA plant, which is expected to start operations by 2023.

“China is expected to add eight planned and announced projects during the outlook period. Among these, ‘Fujian Billion Petrochemical Fujian PTA Plant’, ‘Hengli Petrochemical Dalian PTA Plant’ and an expansion project ‘Hengli Petrochemical Dalian Purified Terephthalic Acid (PTA) Plant Expansion’ are the largest projects, each with a capacity of 2.50 mtpa,” a GlobalData press release quoted Dayanand Kharade, oil and gas analyst at the UK-headquartered company, as saying.

Both Turkey and Saudi Arabia occupy third position with planned and announced PTA capacity of 1.25 mtpa each by 2023. The entire capacity addition for Turkey will be from an announced project, SOCAR Turkey Enerji Aliaga PTA plant, whereas for Saudi Arabia, the entire capacity growth will be from the announced project, Pan-Asia PET Resin Jazan PTA plant.

Fibre2Fashion News Desk (DS)


Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search