Asia continues to drive the growth of ethylene capacities globally, with more than 60 planned and announced projects to come onstream by 2030.
– China alone has the potential to bring onstream more than 37 million tonnes of ethylene capacity within the next 7 years. That is a 17% increase of current global capacities (214 million tonnes) from China alone.
– Southeast Asia will continue to see investments in ethylene capacities in countries like Indonesia and Vietnam.
Coming out of the recent spate of supply chain disruptions, companies and plant owners need secure and risk-free delivery of essential chemicals (like dimethyl disulfide). Focus has to be on the successful and profitable ramp-up of the new assets.
Supply chains in Asia are easing. Product flow is facing less disruptions. While there are severe short term margin headwinds, I remain optimistic of the trajectory of the Asia Petrochemical industry.
Wuhan Korobio Chemicals backups your petrochemical supplychain for dimethyl disulfide and other essential chemicals through various methods.