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SABIC considering establishing CTO/MTO projects in China

by ChemOrbis Editorial Team -
  • 25/11/2014 (13:04)
According to market sources, Saudi Basic Industries Corporation (SABIC) is planning to establish coal to olefins (CTO) and methanol to olefins (MTO) plants in China. The company reportedly stated that they haven’t concluded any discussions yet.

It was reported that China’s slower economic growth and wish to be more self sufficient in petrochemicals through the coal to olefin route would apply pressure on Middle Eastern exporters.

Sources stated that the country will produce around 6.4 million tons of polyethylene from coal and methanol by 2020 and that the country will reduce its annual import demand from 15 million tons to 9.5 million tons because of this new supply. Twenty CTO/MTO plants are currently being built and these are expected to increase China’s polyolefins production by 10 million tons/year.
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