01 Jul 2022
Posted in Oil & Gas
China to account for 66% of Asia xylene capacity additions through 2026, forecasts GlobalData
China is expected to register the highest xylene capacity additions in Asia, contributing around 66% of the region’s capacity additions through 2026, forecasts GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Xylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026’, reveals that China leads with the largest capacity additions of 21.83 million tons per annum (mtpa) from 13 planned and announced projects.
Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, says: “In China, the main capacity addition will be from a planned project, Zhejiang Petrochemical Daishan Xylene Plant 2, which has a capacity of 4.80 mtpa. It is expected to commence production in 2022.”
ShengHong Holding Group Lianyungang Xylene Plant will be the second-highest contributor with 2.8 mtpa capacity additions by 2026. The plant is expected to commence operations in 2022.
Ennelli concludes: “Petrochina Pdvsa Guandong Petrochemical Jieyang Xylene Plant will be the third-highest contributor in terms of capacity additions in the country with a capacity of 2.6 mtpa. The plant is expected to commence production of xylene in 2022.”