Large demand for large-scale ethylene equipment in China

The relevant experts of the China Petroleum Planning Institute predict that during the “Eleventh Five-Year Plan” period, China will have a market demand for large-scale ethylene equipment of about 56 billion yuan, and there will be a market demand of 63 billion yuan during the “12th Five-Year Plan” period.

Zhang Fuqin, director of the China Petroleum Planning Institute’s Institute of Refining and Chemicals, said that China’s ethylene industry will vigorously develop 800,000 to 1 million tons of equipment. It is estimated that in 2010 China's ethylene demand will be 25 to 26 million tons, while its production capacity will be 14 million tons, which can only meet the demand of 55%; in 2020, the ethylene demand will reach 37 million to 41 million tons, with a production capacity of 23 million. Tons, can only meet 60% of demand. According to the calculation of 17 additional large-scale ethylene plants in the next 10 years, the demand for this market during this period will reach around 119 billion yuan.

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