HC plastic mesh News: afterhaving experienced a strong rebound in 2010, North American polyethylene (PE)will resume moderate growth in demand in the market norm. IHSCMAI according tothe latest statistical data published, PE needs of about 21 million tonnes inNorth America in 2010, the next 5 years is expected to be growing at an averageannual rate of approximately 1.3% mild, by 2016, demand will reach about 24million tons. Meanwhile, petrochemical business in North America in the nextfew years will remain low-cost gas feedstock advantage PE device operating rateshould be in 80%~90%, this means that the producers will still have pricinginitiative.
Canada Nova chemicals Corporation CEO Landi·woerfu in early October,"said PE so far this year in North America sales rose by about 2%.Well-run PE industry in North America currently, device operating rate of about90%. "The United States Dow Chemical Company features plastic headhuohuade·angelaide said:" the current PE better-than-expected demandin North America. While the Economic Outlook worries, but people still need tobuy non-durable goods, such as food packaging, this is a huge market for PE.2012 global GDP growth is estimated to be 3%, even slowing to around 2%, PEdemand growth is still exceeding supply growth. ”
Angelaide also pointed out that, since the PE market supply anddemand fundamentals continue to tighten, and most new cracking capacityworldwide is the high cost of naphtha cracking capacity, so the profitabilityof producers in North America will be further improved. Almost all majorpetrochemical producers in North America over the next 5 years will be ethyleneand PE for capacity expansion. According to CMAI said, according to the currentdata show that if all announced capacity expansion projects can be implementedas scheduled, then North America by 2016 will add 1.5 million tons/year of PEcapacity.
Nova chemicals in recent months some transactions have beenundertaken to enhance the competitiveness of its PE business, includingcompanies located in Sarnia, Ontario and Alberta Joffre ethylene petrochemicalcomplex to increase supply. William Wolf, said: "additional supply of rawmaterials will guarantee that our PE production by 2013, Joffre petrochemicaljoint PE capacity will be fully utilized in the body, company or consideredCanada West for pyrolysis expansion. "In Canada East, Nova chemicals hassigned a number of ethylene supply agreement to leverage from the Cyrus shaleregion of ethylene raw materials as its Sarnia petrochemical joint inside thepreferred raw material for 840,000 tons/year ethylene cracker. Nova chemicalsis currently being planned to reform the cracker, to adapt to the high proportionof ethylene raw materials. Nova in Joffre and Sarnia chemical recentlyannounced that it would create a new PE units, is expected to be completedbetween 2014-2017.