Global petrochemical industry may have surplus production capacity

According to the analysis of the company, it is estimated that about 5 million tons to 6 million tons/year of ethylene production capacity will be put into production in 2009, but only about 2.8 million tons/year of ethylene production capacity is actually troubled by the delayed operation of equipment and start-up problems. Successfully put into production. The situation in 2010 is exactly the same as in 2009. It was estimated that about 10 million tons/year of new petrochemical capacity will be put into production in 2010, and the demand for new petrochemical products is expected to be about 4.4 million tons/year, but the actual situation is not So many new petrochemical production capacity went into production smoothly. However, the situation in 2011 may be different, because with the recovery of the global economy and financial markets, some petrochemical projects postponed by the economic crisis will accelerate the pace of construction, resulting in a concentrated release of production capacity.

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