Lagos — China is expected to register the highest ethylene capacity additions in Asia contributing about 61% share of the region’s capacity additions by 2030, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2021-2030’ reveals that China would have 30 new-build and expansion projects with capacity additions of about 38.53 million tonnes per annum (mtpa) by 2030. 
Teja Pappoppula, Oil and Gas Analyst at GlobalData, says: “Majority of the capacity additions in China are from Shandong Yulong Petrochemical Longkou Ethylene Plant 2, with the capacity of 5.2 mtpa. It is expected to commence production of ethylene by 2030.”
Sinochem Quanzhou Petrochemical Quanzhou Ethylene Plant 2 is the second highest plant in terms of capacity additions with a capacity of 3.40 mtpa by 2026. It is operated by Sinochem Quanzhou Petrochemical Co Ltd.
Shandong Yulong Petrochemical Longkou Ethylene Plant 1 is the third highest contributor in terms of capacity additions in the country with the capacity of 3.0 mtpa. It is expected to commence ethylene production by 2025.
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