Ethane Production, Ethylene Plant CAPEX & Capacity, and Polyethylene Plant CAPEX
Visiongain forecasts that the Ethylene and Polyethylene market will see CAPEX of $18.22bn in 2016 on greenfield production plants. There are a number of exciting ethylene and polyethylene prospects around the world in 2016, both under construction and prospective. The question is how this extra capacity will affect the global market. Traditional importers such as China and South-East Asia are increasing their domestic production and the US is set flood the market with products by 2022 due to the ongoing effects of the shale revolution. The lifting of the sanctions in Iran may also lead to more global capacity, tightening the export market for the MENA region.
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