19 Jul 2021
Posted in Oil & Gas
Asia set to drive global butadiene capacity additions by 2025, says GlobalData
Asia is expected to register the highest butadiene capacity additions globally with a capacity of 3.65 million tons per annum (mtpa) between 2021 and 2025, contributing nearly half (46 %) of the region’s capacity additions, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘ Global Butadiene Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that butadiene capacity is poised to see considerable growth by 2025, potentially increasing from 17.12 mtpa in 2020 to 21.86 mtpa in 2025, registering total growth of 28 percent.
Amareswari Kanaparthi, Oil and Gas Analyst at GlobalData, says: “India leads the capacity additions in the region with capacity additions of 1.68 mtpa by 2025. Majority of the additions will be from an announced project Reliance Industries Jamnagar Butadiene Plant, with the capacity of 0.70 mtpa by 2025.”
GlobalData identifies China as the second highest country in terms of capacity additions with a capacity of 1.24 mtpa by 2025. Majority of the capacity additions will be from two planned projects, Tangshan Xu Yang Petrochemical Tangshan Butadiene Plant and Zhejiang Petrochemical Daishan Butadiene Plant 2, contributing 0.20 mtpa, each respectively.
Iran will be the third highest country in terms of capacity additions with the capacity of 2.30 mtpa by 2025. Majority of the capacity additions will be from an announced project Brunei Hengyi Industries Pulau Muara Besar Xylene Plant 2, with the capacity of 0.18 mtpa, by 2022.
Reliance Industries Ltd, Haldia Petrochemicals Ltd and Lotte Chemical Corp will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.