(plastemart) -- Asia's condensate demand is expected to double by 2016 as refiners and petrochemical makers build splitters to process an abundant supply of the super light crude into raw materials for making plastics and for producing better quality gasoline to feed demand.
South Korea, China and Singapore are building distillation units that cost less than one seventh of a typical refinery to process large volumes of condensate produced along with liquefied natural gas (LNG). By the time these facilities come online, condensate sales from top suppliers such as Qatar, also the world's biggest LNG exporter, are slated to fall as the nation feeds local demand that is expected to rise with more splitters coming up there. That will open the Asian market to condensate supplies from Russia and North America.
mrcplast.com