BAKU, Azerbaijan, Jan.27
By Leman Zeynalova – Trend:
US ExxonMobil company is expected to lead global planned and announced ethylene capacity additions between 2019 and 2030, contributing around 5 percent of the global growth by 2030, Trend reports citing GlobalData, a leading data and analytics company.
ExxonMobil announced in September 2019 that the company is to make a £140 million (US $173 million) investment in upgrading key infrastructure at its ethylene production plant in Mossmorran, Fife, in eastern Scotland.
The project, to run through 2019 and 2020, will introduce new technologies at the site, to significantly improve operational reliability and performance.
The investment, according to the chemicals company, will improve plant reliability and reduce the frequency of flaring, which has seemingly been an issue at the site.
GlobalData report reveals that Exxon Mobil Corp is expected to add a capacity of 5.10 million tonnes per annum (mtpa) from six planned and announced projects by 2030. Of these, three are planned projects and the remaining are announced projects.
"ExxonMobil is set to have large ethylene capacity additions primarily in China and the US. The company is investing in the US to take advantage of the abundant low-cost feedstock. The company is investing in three ethylene crackers and derivative plants in China, with aim to meet expected domestic demand growth and also take advantage of lower construction cost,” said Dayanand Kharade, Oil and Gas Analyst at GlobalData.
Kharade went on to add that GlobalData identifies Saudi Arabian Oil Co as the second highest capacity contributor among global companies for planned and announced ethylene capacity additions by 2030. “The announced project, Motiva Enterprises Port Arthur Ethylene Plant, is expected to account for the company’s highest capacity additions by 2030, and the project is expected to start operations in 2024, with a capacity of 1.5mtpa. Sibur Holding stands third, contributing a capacity of 3.80mtpa from two planned and announced projects by 2030.”
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