Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » China to spearhead global propylene capacity additions through 2028

    China to spearhead global propylene capacity additions through 2028

    September 1, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp

    Lagos — China is expected to register the highest propylene capacity additions globally by 2028, contributing about 49% of the total capacity additions from 38 upcoming projects, says GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Propylene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that China is likely to witness a propylene capacity additions of 26.98 million tonnes per annum (mtpa) during 2024 to 2028 from 33 planned and five announced projects.

    Nivedita Roy, Oil and Gas Analyst at GlobalData, Comments: “Propylene is a basic petrochemical that is used in the production of various important compounds such as polypropylene, acrylonitrile, and propylene oxide. The increasing demand for these chemicals in the packaging, consumer goods, and automotive sectors is driving the growth of the global propylene industry.”

    In China, the major capacity addition is expected from the planned project, Shandong Yulong Petrochemical Longkou Propylene Plant 1, with a capacity of 2.30 mtpa. Shandong Yulong Petrochemical is the operator, with a 90% equity stake in the project. Currently under commissioning stage, it is likely to come on stream in 2024.

    Fujian Eversun New Material Putian Propylene Plant 2 and SABIC Fujian Petrochemical Zhangzhou Propylene Plant follow next with capacities of 1.10 mtpa and 1.02 mtpa, respectively. Located in the Fuijan province of China, both facilities are currently under construction and are anticipated to commence production of propylene in 2026.

    Related News

    TotalEnergies looks to sell 50% stake in renewables assets in U.S., Spain

    MAJI urges FG to ban single-use plastics, attract green investment

    Renewables to account for half of Brazil’s annual power output in 2035

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    ADNOC Gas takes FID and awards $5b contracts for RGD project

    June 10, 2025

    ‘Nigeria’s $5bn oil-backed loan from Aramco delayed by oil price drop’

    June 10, 2025

    Shipping firms dodge $900m cost, as Nigeria hit by empty container glut

    June 10, 2025

    Seplat to establish office in Akwa Ibom, gets govt approval

    June 10, 2025

    Afreximbank reaffirms financial resilience and transparency

    June 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.