MOSCOW (MRC) -- Asia, the Middle East, and North America are the top regions contributing to capacity additions in the next nine years, said Hydrocarbons-technology.
Asia has 594 planned and announced plants, of which China has 257 with a total capacity of 118.1mtpa by 2026. Capital expenditure (capex) for these plants in China is estimated to total $89.5bn by 2026. China Petrochemical Corp, Hengli Petrochemical (Dalian) Co, and Zhejiang Rongsheng Holding Group Co are the top three companies accounting for the major capacity additions in China.
In the Middle East, the majority of capacity additions are in Iran, with planned and announced capacity additions of about 59.7mtpa by 2026. Capex for these plants totals USD49.8bn by 2026. National Petrochemical Co, Sepehr Makran Iran, and Sepehr Energy Corp are the top companies accounting for the major capacity additions in Iran.
The US has 109 planned and announced petrochemical plants, adding capacity of about 63.1mtpa by 2026. The capex for these plants is $64.8bn by 2026. Major capacity additions will be from IGP Methanol LLC and NW Innovation Works.
In the Former Soviet Union (FSU), the majority of capacity additions are in Russia, with planned and announced capacity additions of about 25.9mtpa by 2026. Capex for these plants totals USD33.8bn by 2026. Sibur Holding and Rosneft Oil Co are the top companies accounting for the major capacity additions in Russia.
MRC