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BASF: Global demand slows absorption of U.S. Gulf ethylene capacity

 Last Update: 2022-08-18
 Source: Internet
 Author: User

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German chemicals giant BASF said recently that new ethylene capacity on the.

The increase in.

According to BASF CEO Brudermüller, domestic demand in the.

"Additional capacity is coming online, while domestic consumption is slowing," Brummeller told a news conference in Ludwigshafen, Germa.

It has also resulted in a squeeze in profit margins for global derivatives such as ethylene glycol [EG] in Asia and Europe, he add.

According to CFO Hans-Ulrich Engel, producers added four million tonnes of ethylene capacity last year and will add another four million tonnes in 201 In the absence of product flow to Asia and China, the North American market is not expected to have a real improvement, and the market will take quite a while to digest these capaciti.

Producers have been hoping to ship most of the new.

Due to the trade war with China, few.

Brudermüller claims that BASF itself operates a $5 billion flagship product in Port Arthur, Texas, in partnership with Total Petrochemical, but that the plant can run on non-ethane feedstocks, which is slightly worse for single-feed cracke.

"Our mixed-feed cracker ultimatel.

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