IEA Sees Ethylene Market Driven By Ethane Cracker Surge
By David Knott
Ethylene markets will see increased competition in the medium term between high-cost Asian and European naphtha crackers and lower-cost ethane crackers in the Middle East and the US, according to the International Energy Agency (IEA). In the 12 October Medium-Term Oil Market Report the agency predicted that global ethylene capacity will rise to 183.4mn tons/year in 2017 from 147.6mn...