China MEG Capacity Probably to Approach 4 million t/y by the End of 2010

https://www.chemnet.com   Apr 30,2010

　　PUWORLD(2010-4-26)——According to Asiachem Consulting, MEG production capacity in China was predicted to reach approximately 4000kt/y by the end of 2010, including adjusted 150kt/y coal-based MEG capacity built by Tongliao Jinmei.

　　Sinopec Zhenhai Refining & Chemical’s 650kt/y ETO(Ethylene oxide)/MEG plant located in Ningbo, Zhejiang Province had put on stream and yield qualified products in the middle of April. This plant was a supporting system of Zhenhai Refining & Chemical’s 1000kt/y MEG project which adopted traditional petrochemical routes by producing ETO through oxidating the ethylene and then hydrating the ETO to produce MEG.

　　After the on-stream of this plant, total MEG capacity of PetroChina would reach 2000kt/y in East China area with its subsidiaries including Sinopec Shanghai Petrochemical, Zhenghai Refining & Chemical, Yangtze Petrochemical and joint-venture BASF- YPC Company Limited, of which Zhenghai Refining & Chemical and Sinopec Shanghai Petrochemical are the two largest MEG producers in China.

　　However, according to some analysts, global MEG consumption was expected to reach 21.88 million tons with total capacity of 27.09 million tons this year, which signified surplus capacity of MEG. Besides, China MEG market is badly influenced by the low-cost products from Middle-East.

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