Emerging market producers like Saudi Arabia’s Sabic will produce half of global ethylene capacity this year, Geoff Haire, global sector head of chemicals for HSBC, said at the Platts European Petrochemicals Conference in Dusseldorf Tuesday.
Emerging market producers’ share of global ethylene capacity was 22% in 2000, he said.
“We expect emerging market companies to look for new geographic and product markets. Greenfield expansions and acquisitions could increase,” he said.
Emerging market producers in the top nine companies in 2000 were Abu Dhabi National Government, Sabic and Sinopec. This list will expand to include Iran’s National Petrochemical Company in 2014 and increased capacity from the rest, he said.
The table shows the percentages of ethylene capacity by the leading producers in 2000 and 2014, according to HSBC.
|
Top Companies |
Percentage of ethylene |
Top Companies |
Percentage of ethylene |
|
Dow |
7% |
Sabic |
7% |
|
ExxonMobil |
6% |
Dow |
7% |
|
Shell |
5% |
ExxonMobil |
6% |
|
LyondellBasell |
5% |
Sinopec |
5% |
|
BP |
4% |
LyondellBasell |
4% |
|
Abu Dhabi Government |
4% |
Shell |
4% |
|
Sabic |
3% |
Abu Dhabi Government |
4% |
|
Sinopec |
3% |
Iran’s NPC |
3% |
|
Eni |
2% |
Ineos |
3% |
|
Source: |
HSBC |
Global ethylene capacity is currently estimated at 168.6 million mt/year, compared with 92.7 million my/year in 2000, according to Platts data.
Source: platts.com
