More than $131 Billion in Global Petrochemical Plants are Under Construction
Industrial Info's Chemical Processing database is tracking $131.42 billion in active petrochemical companies creating projects that are under construction worldwide, including about $74 billion worth that are set to finish construction in 2018.
About $22.8 billion worth of the active petrochemical projects are in Texas and Louisiana, including:
- Sasol Limited's $4 billion ethylene unit addition at its Lake Charles Chemical Complex in Westlake, Louisiana, which is a major component of the $11 billion Lake Charles Chemical Project. The 1.5 million-metric-ton-per-year unit will use ethane as the primary petrochemical products to feed additional downstream units planned for the site.
- Exxon Mobil Corporation's $2.5 billion ethylene unit addition at its olefins facility in Baytown, Texas. Also intended to support its company's downstream units, the 3 billion-pound-per-year unit's construction will include tie-ins to an outside battery limits (OSBL) project.
Both of these projects are expected to finish construction before the end of the year.
About $18.1 billion worth of the active petrochemical projects are in the Middle East, including:
- Oman Oil Company's new, $1.5 billion ethylene plant and $800 million addition of a high-density polyethylene (HDPE) unit at its petrochemical plant in Shoar, Oman. The ethylene plant is expected to produce about 1.92 billion pounds per year of ethylene, using natural gas as feedstock; the unit addition is expected to result in about 926 million pounds per year of HDPE.
- Saudi Aramco's Addition of a paraxylene unit at its petrochemical complex in Rabigh, Saudi Arabia. It is expected to produce about 850,000 metric tons per year of paraxylene.
In China, Industrial Info is tracking Shaanxi Yanchang Petroleum Group Company Limited's $790.2 million construction of a polypropylene and polyethylene plant in Yanan, Shaanxi province. The facility will produce 200,000 metric tons per year of polypropylene (PP) and 300,000 metric tons per year of HDPE. It is expected to finish construction this summer.
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