Now for the glut
Petrochemical supplies are still rising but demand growth is less certain than it was
IN JUBAIL Industrial City, a huge new petrochemical cracker unit is being brought on line. The unit, being built by Sadara Chemical Company, will be the Middle East's first mixed-feedstock cracker, and part of the largest chemical complex ever built in a single phase, consisting of 26 chemical-manufacturing units. They will produce 1.5m tonnes a year (t/y) of ethylene and around 400,000 t/y of propylene. Sadara will crack naphtha - an oil-derived feedstock - as well as ethane; and the decision to build it was made four years ago, with one big target in mind: China's roaring economy and its massive consumer market. Indeed, Asia remains the big hope for petrochemical producers and exporters.
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
