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Chemical Week Magazine :: Cover Story

Japan closes and China builds as Asia’s olefin producers restructure

6:08 AM MDT | April 17, 2015 | —Clay Boswell

Asia’s olefins industry is restructuring. Old, inefficient naphtha crackers are being displaced by a wave of new, world-scale olefin plants, some based on naphtha but many based on alternative feedstocks, such as coal, methanol, and propane. The new ethylene capacity will not keep up with demand, however, and the region will increase its dependence on imports from the Mideast and North America. Propylene is a different story. Continued growth in propylene capacity will keep the region oversupplied through 2020. These developments continue a process that...

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