Asia to lead global propylene capacity additions 

One of GlobalData’s latest reports, ‘Global Propylene Capacity and Capital Expenditure Outlook, 2022-2030 – Asia and Middle East Lead Global Propylene Capacity Additions,’ states that the global capacity is poised to see considerable growth over the upcoming years, potentially increasing from 144.2 million tonnes per annum (Mtpa) in 2021 to 209.2Mtpa in 2030, registering total growth of 45%.

Around 174 planned and announced plants are slated to come online by 2030, primarily in Asia, the Middle East and Africa. 

In Asia, the majority of capacity additions are in China, with planned and announced capacity additions of about 27.9Mtpa by 2030. Capex for these plants will total $21.5bn by 2030. Shandong Yulong Petrochemical is the top company accounting for the major capacity additions in China. 

In the Middle East, Iran leads with planned and announced capacity additions of about 4.5Mtpa by 2030. The country is expected to spend a total of $4.3bn by 2030. The National Petrochemical Company is the top company accounting for the major capacity additions in Iran. 

In Africa, the majority of capacity additions are in Egypt, with planned and announced capacity additions of about 2.7Mtpa by 2030. Capex for these plants will total $3.2bn by 2030. Carbon Holdings is the top company accounting for the major capacity additions in Egypt.   

In North America, the majority of propylene capacity additions are in the US, with planned and announced capacity additions of about 2.4Mtpa by 2030. Capex for these plants totals $1.7bn in the upcoming years.     

In the Former Soviet Union, Russia plans to spend $1bn to add a capacity of about 1.1Mtpa, expected onstream by 2030. In Europe, Belgium plans to spend $1.3bn to add a capacity of about 1.5Mtpa, expected onstream by 2030. Ineos is the top company accounting for the major capacity additions in Europe.