Propylene Global Overview: Traversing the dimension between uncertainty and fallacy
Thursday, 23 March
9:10 am - 9:35 am (CST)/ 23/mar/2023 02:10 pm - 23/mar/2023 02:35 pm
For propylene (olefins), we will be addressing the issue of the increasing need for on-purpose propylene production to cover the slower supply growth of refinery sourced propylene caused by energy transition / lower FCC operations. Propane de-hydrogenation plants take the lion’s share of these on-purpose steps and we have seen many such projects coming primarily in China. At the same time, in 2022 and we suspect a good part of 2023, the economics of such on-purpose production steps are challenged and the established pricing paradigm will likely under-go a period of uncertainty.